SEC Form 4 · accession 0000919574-18-003549
Qumu Corp · QUMU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenan Lucas
Director · 10% Owner
Period of report
May 10, 2018
Accepted (ET)
May 14, 2018 · 6:12 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, $0.01 par valueF1 | holding | — | — | — | 1,200,329 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F2,F3,F4 | — | May 10, 2018 | A | 25,000 | D | — | — | Common Stock | 25,000 | 25,000 | I |
Explanation of responses
- F1These shares are held by Harbert Discovery Fund, LP (the "Fund"). Mr. Lucas may be deemed to beneficially own these shares through his role as a director and co-portfolio manager of the Fund's general partner.
- F2Each restricted stock unit represents the contingent right to receive one share of Qumu common stock.
- F3The restricted stock units vest on the first business day prior to the 2019 Annual Meeting of Shareholders, provided the Reporting Person continues to provide services to Qumu as a director on that date, subject to certain exceptions
- F4The 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.
- F5On May 10, 2018, the Reporting Person received 25,000 restricted stock units pursuant to the Issuer's 2007 Second Amended and Restated Stock Incentive Plan. Each restricted stock unit represents the contingent right to receive one share of Qumu common stock. The restricted stock units are held for the benefit of the investors of the Fund.
Remarks
The Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.