SEC Form 4 · accession 0000892482-17-000042
Qumu Corp · QUMU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas F Madison
Director
Period of report
May 10, 2017
Accepted (ET)
May 12, 2017 · 12:11 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 | 20,000 | D | |
| Common Stock | May 10, 2017 | G | 20,000 | $0.00 | D | 0 | D | |
| Common StockF1 | May 10, 2017 | G | 20,000 | $0.00 | A | 98,060 | I | By Trust |
| Common StockF2 | holding | — | — | — | 14,625 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4,F5 | — | May 10, 2017 | M | 20,000 | D | — | — | Common Stock | 20,000 | 0 | D |
| Restricted Stock UnitsF3,F6,F5 | — | May 11, 2017 | A | 25,000 | A | — | — | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1Shares held by the Thomas F. Madison Revocable Trust.
- F2Represents the aggregate number of Qumu shares held in nine trust accounts established for the benefit of Mr. Madison's nine grandchildren and of which Mr. Madison is sole trustee.
- F3Each restricted stock unit represents the contingent right to receive one share of Qumu common stock.
- F4The 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.
- F5The 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.
- F6The 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.