SEC Form 4 · accession 0001209191-15-069117
QUANTUM CORP /DE/ · QMCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregg J Powers
Director
Period of report
Sep 1, 2015
Accepted (ET)
Sep 2, 2015 · 4:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000709283
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Sep 1, 2015 | A | 90,090 | $0.00 | A | 265,392 | I | Pelican Bay Holdings, LLC |
| Common StockF3 | holding | — | — | — | 536,500 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted Stock Units will vest over one (1) year as follows: 25% will vest on each of 12/1/15, 3/1/16, 6/1/16 and the date of Quantum Corporation's 2016 Annual Shareholder Meeting.
- F2The Restricted Stock Units were granted to Pelican Bay Holdings, LLC. Mr. Powers is the sole member of Pelican Bay Holdings, LLC.
- F3Mr. Powers also has sole voting and dispositive power with respect to 3,861,350 shares owned by commingled funds or mutual funds over which Mr. Powers serves as Portfolio Manager. As CEO and Portfolio Manager of Private Capital Management, LLC ("PCM"), Mr. Powers exercises shared voting and dispositive power with respect to 12,809,652 shares, including shares held by those PCM clients that have delegated proxy authority to PCM. Such delegation may be granted or revoked at any time at the client's discretion. PCM disclaims beneficial ownership of client owned shares over which it has dispositive power and disclaims the existence of a group.