SEC Form 4 · accession 0001209191-15-046308
Quotient Ltd · QTNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen Unger
Officer — Chief Financial Officer
Period of report
May 20, 2015
Accepted (ET)
May 22, 2015 · 6:13 pm EDT
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 | — | — | — | 19,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Multi-year Performance Based Restricted Stock UnitsF1 | — | May 20, 2015 | A | 22,500 | A | — | Dec 31, 2018 | Ordinary Shares | 22,500 | 22,500 | D |
| Employee Stock Option (right to buy)F2 | $15.17 | May 20, 2015 | A | 22,500 | A | — | 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 | 50,800 | 50,800 | D |
| Options to Purchase Ordinary sharesF4 | $8.00 | holding | — | — | — | — | Mar 3, 2024 | Ordinary Shares | 67,200 | 67,200 | D |
| Options to Purchase Ordinary sharesF5 | $3.29 | holding | — | — | — | — | Jun 27, 2023 | Ordinary Shares | 32,000 | 32,000 | D |
| Ordinary Share WarrantsF6 | $8.80 | holding | — | — | — | Jul 24, 2014 | Oct 25, 2015 | Ordinary Shares | 4,000 | 5,000 | D |
Explanation of responses
- F1Each Multi-year Performance Based Restricted Stock Unit ("MRSU") represents a contingent right to receive one share of Quotient ordinary shares. The MRSUs vest upon Quotient's ordinary shares achieving a volume weighted average market price of $60.00 per share for 20 consecutive trading days during the period April 1, 2018 to December 31, 2018.
- F2The option becomes exercisable in three equal annual installments beginning May 20, 2016.
- F316,933 options vested on 4/29/2015 and remain exercisable, 16,933 options will vest on 4/29/2016, 16,934 options will vest on 4/29/2017.
- F422,400 options vested on 3/4/2015 and remain exercisable, 22,400 options will vest on 3/4/2016, 22,400 options will vest on 3/4/2017.
- F510,666 options vested on 6/28/2014 and remain exercisable, 10,666 options will vest on 6/28/2015, 10,667 options will vest on 6/28/2016.
- F6Each warrant to purchase 0.8 of one Ordinary Share is exercisable until 5:30 p.m. on October 25, 2015 at an exercise price of $8.80 per Ordinary Share.