SEC Form 4 · accession 0000899243-19-003329
Quotient Ltd · QTNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeremy Stackawitz
Officer — President
Period of report
Dec 12, 2018
Accepted (ET)
Feb 12, 2019 · 5:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001596946
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares | holding | — | — | — | 131,939 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF6,F8 | — | Dec 12, 2018 | A | 11,175 | A | — | — | Ordinary Shares | 11,175 | 11,175 | D |
| Employee Stock Option (right to buy)F1 | $11.92 | holding | — | — | — | — | May 31, 2026 | Ordinary Shares | 20,000 | 20,000 | D |
| Employee Stock Option (right to buy)F2 | $15.17 | holding | — | — | — | — | May 19, 2025 | Ordinary Shares | 22,500 | 22,500 | D |
| Employee Stock Option (right to buy)F3 | $8.00 | holding | — | — | — | — | Apr 29, 2024 | Ordinary Shares | 60,000 | 60,000 | D |
| Employee Stock Option (right to buy)F4 | $7.58 | holding | — | — | — | — | May 23, 2027 | Ordinary Shares | 40,000 | 40,000 | D |
| Multi-year Performance Based Restricted Stock UnitF5 | — | holding | — | — | — | — | Dec 31, 2019 | Ordinary Shares | 50,000 | 50,000 | D |
| Restricted Stock UnitsF7,F8 | — | holding | — | — | — | — | — | Ordinary Shares | 30,961 | 30,961 | D |
Explanation of responses
- F113,334 options have vested and remain exercisable and 6,666 options will vest on June 1, 2019.
- F2All 22,500 options have vested and remain exercisable.
- F3All 60,000 options have vested and remain exercisable.
- F413,333 vested on May 24, 2018 and remain exercisable, 13,333 options will vest on May 24, 2019, 13,334 options will vest on May 24, 2020.
- F5Each Multi-year Performance Based Restricted Stock Unit ("MRSU") represents a contingent right to receive one share of Quotient's ordinary shares. The MRSUs vest upon Quotient's ordinary shares achieving a volume weighted average market price of $22.00 per share for 20 consecutive trading days during the period April 1, 2019 to December 31, 2019.
- F6Restricted Stock Units convert into ordinary shares on a one-for-one basis.
- F7On May 24, 2018, the Reporting Person was granted 30,961 Restricted Stock Units, vesting in three equal annual installments beginning May 24, 2019.
- F8On May 23, 2018, the Reporting Person was granted 11,175 restricted stock units that would vest on May 24, 2019 if certain business milestones were achieved on or before December 31, 2018. The business milestones were reached on December 12, 2018, and accordingly the restricted stock units will vest on May 24, 2019.