Accession Number: | 0000709283-20-000018 |
Date: | 2020-07-01 |
Issuer: | QUANTUM CORP /DE/ (QMCO) |
Original Submission Date: |
DODSON J MICHAEL
C/O QUANTUM CORPORATION
224 AIRPORT PARKWAY, SUITE 550
SAN JOSE, CA 95110
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2020-07-01 | A | 150,000 | a | $0.00 | 594,577 | direct |
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 Exercisable | Expiration 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 |
ID | footnote |
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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. |