Form Type: 4

SEC EDGAR Link
Accession Number:0000709283-20-000018
Date:2020-07-01
Issuer: QUANTUM CORP /DE/ (QMCO)
Original Submission Date:

Reporting Person:

DODSON J MICHAEL
C/O QUANTUM CORPORATION
224 AIRPORT PARKWAY, SUITE 550 SAN JOSE, CA 95110

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2020-07-01 A 150,000 a $0.00 594,577 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
PERFORMANCE-BASED RESTRICTED STOCK UNITS 0.0 2020-07-01 deemed execution date A 75,000 (d) 2025-07-01 common stock 75,000 $0.00 0 direct
Footnotes
IDfootnote
f1 grant of restricted stock units ("rsus"), each of which represents a contingent right to receive one share of common stock of qmco. vesting is subject to continued employment with qmco through the service vesting date, which occurs in three equal annual installments on july 1, 2021, july 1, 2022 and july 1, 2023.
f2 grant of performance-based restricted stock units ("psus"), each of which represents a contingent right to receive one share of common stock of qmco, with vesting subject to the achievement of specified levels of the average closing prices of a share of qmco common stock during any one hundred (100) calendar day period occurring between july 1, 2020 and july 1, 2025. vesting is subject to continued employment with qmco through the later of the achievement date or service vesting date, which occurs in two equal installments on january 1, 2022 and july 1, 2023.
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