SEC Form 4 · accession 0001209191-17-024132
QUANTUM CORP /DE/ · QMCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Mutch
Director
Period of report
Apr 1, 2017
Accepted (ET)
Apr 3, 2017 · 4:13 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 | Apr 1, 2017 | A | 50,000 | $0.00 | A | 50,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Upon the resignation of Mr. Mutch from Quantum Corporation's board of directors in accordance with Section 1(j) of the Settlement Agreement, dated as of March 2, 2017, between the Company and Viex Capital Advisors LLC, Mr. Mutch's Restricted Stock Units will vest in full immediately upon such resignation. If Mr. Mutch resigns for any other reason or is removed from the Board prior to the vesting in full of this grant, Mr. Mutch shall forfeit the entirety of the grant.