SEC Form 4 · accession 0000921895-17-001481
Qumu Corp · QUMU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald T Netter
Director
Period of report
May 10, 2017
Accepted (ET)
May 12, 2017 · 6:28 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 StockF1 | holding | — | — | — | 560,500 | I | By: Dolphin Limited Partnership III, L.P. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2,F3,F4 | — | May 10, 2017 | M | 20,000 | D | — | — | Common Stock | 20,000 | 0 | D |
| Restricted Stock UnitF2,F5,F6 | — | May 11, 2017 | A | 25,000 | A | — | — | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1Securities are owned directly by Dolphin Limited Partnership III, L.P. ("Dolphin III"). Mr. Netter, solely by virtue of his position as the Senior Managing Director of Dolphin Holdings Corp. III, the managing member of Dolphin Associates III, LLC, which is the general partner of Dolphin III, may be deemed to beneficially own the securities owned directly by Dolphin III for purposes of Section 16. Mr. Netter expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
- F2Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock.
- F3The 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.
- F4The reporting person has elected to not defer the delivery of 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.
- F5The restricted stock units vest on the first business day prior to the 2018 Annual Meeting of the Shareholders provided the director continues to provide services to Qumu on that date, subject to certain exceptions.
- F6The reporting person has elected to defer the delivery of 100% of the shares in this grant to the first January 1 following the date of separation from service with Qumu.