(QMCO)

Role: Senior Vice President, CFO
Signature: /s/ Josie Buensuceso, Attorney-in-Fact for J. Michael Dodson
Issuer symbol: QMCO
Transactions as of: 11 May 2021
Net transactions value: $0
Form type: 4
Filing time: 19 May 2021, 08:55:28 UTC
Next filing: 07 Jun 2021
SEC: View on sec.gov

Quoteable Key Fact

"J. Michael Dodson filed Form 4 for QUANTUM CORP /DE/ (QMCO) on 19 May 2021."

Quick Takeaways

This page summarizes J. Michael Dodson's Form 4 filing for QUANTUM CORP /DE/ (QMCO).
4 reported transactions and 2 derivative rows are listed below.
Filing timestamp: 19 May 2021, 08:55.

What Changed

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Why This Matters

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Official SEC Source

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QMCO	Common Stock	Options Exercise	$0	+117,500	+18%	$0.000000	778,870	11 May 2021	Direct	F1, F2
transaction	QMCO	Common Stock	Award	$0	+75,000	+9.6%	$0.000000	853,870	11 May 2021	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	QMCO	Performance-Based Restricted Stock Units	Options Exercise	$0	-80,000	-100%	$0.000000^*	0	11 May 2021	Common Stock	80,000		Direct	F1
transaction	QMCO	Performance-Based Restricted Stock Units	Options Exercise	$0	-37,500	-100%	$0.000000^*	0	11 May 2021	Common Stock	37,500		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Performance-Based Restricted Stock Units were previously reported on September 10, 2019, which vest in three equal components upon the later of achievement of specified levels of the average closing prices of a share of QMCO common stock during any hundred (100) calendar day period, and upon specified service dates, whichever is later. The third achievement date occurred on May 11, 2021, as certified by the leadership and compensation committee of QMCO, resulting in 80,000 units meeting the appropriate performance-based conditions. However, these shares remain subject to time-based vesting conditions and will therefore vest on September 5, 2022, subject to continued employment. These shares are reflected on Table I, and no units remain that are subject to these performance-based and time-based vesting conditions.
F2	Performance-Based Restricted Stock Units were previously reported on July 2, 2020, which vest in two equal components upon the later of achievement of specified levels of the average closing prices of a share of QMCO common stock during any hundred (100) calendar day period, and upon specified service dates, whichever is later. The second achievement date occurred on May 11, 2021, as certified by the leadership and compensation committee of QMCO, resulting in 37,500 units meeting the appropriate performance-based conditions. However, these shares remain subject to time-based vesting conditions and will therefore vest on July 1, 2023, subject to continued employment. These shares are reflected on Table I, and no units remain that are subject to these performance-based and time-based vesting conditions.
F3	Grant of Performance-Based Restricted Stock Units ("PSUs"), each of which represents a contingent right to receive one share of common stock of QMCO, acquired with vesting subject to the achievement of specified performance-based conditions, occurred on May 11, 2021 as certified by the leadership and compensation committee of QMCO, resulting in 75,000 units for the Free Cash Flow results based on the Company's performance as of March 31, 2021 (end of the QMCO's Fiscal 2021 Year). 100% of PSUs are earned as 100% of the free cash flow target performance goal is achieved. However, these shares remain subject to time-based vesting conditions and will therefore vest in equal installments with 1/3rd July 1, 2021, 1/3rd July 1, 2022 and 1/3rd July 1, 2023, subject to continued employment.