SEC Form 4 · accession 0000892482-17-000039
Qumu Corp · QUMU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Justin A. Orlando
Director
Period of report
May 10, 2017
Accepted (ET)
May 12, 2017 · 12:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000892482
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 10, 2017 | M | 20,000 | $0.00 | A | 38,060 | 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 UnitsF1,F2,F3 | — | May 10, 2017 | M | 20,000 | D | — | — | Common Stock | 20,000 | 0 | D |
| Restricted Stock UnitsF1,F4,F3 | — | May 11, 2017 | A | 25,000 | A | — | — | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1Each restricted stock unit represents the contingent right to receive one share of Qumu common stock.
- F2The restricted stock units vested the first business day prior to the 2017 Annual Meeting of Shareholders provided the director continued to provide services to Qumu on that date, subject to certain exceptions.
- F3The reporting person has elected not to defer the delivery of any shares in this grant. All shares not deferred will be paid within 90 days following the date of the restricted stock unit's first vest.
- F4The restricted stock units vest on the first business day prior to the 2018 Annual Meeting of Shareholders provided the director continues to provide services to Qumu on that date, subject to certain exceptions.