Brian E. Cabrera - Nov 1, 2021 Form 4/A - Amendment Insider Report for QUANTUM CORP /DE/ (QMCO)

Role
Chief Legal & Ofcr; Corp Secy
Signature
/s/ Josie Buensuceso, Attorney-in-Fact for Brian E. Cabrera
Stock symbol
QMCO
Transactions as of
Nov 1, 2021
Transactions value $
$0
Form type
4/A - Amendment
Date filed
11/3/2021, 02:03 PM
Date Of Original Report
Nov 2, 2021
Previous filing
Oct 5, 2021
Next filing
May 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QMCO Common Stock Award $0 +5K +2.78% $0.00 185K Nov 1, 2021 Direct F1

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 Award $0 -5K -100% $0.00* 0 Nov 1, 2021 Common Stock 5K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 November 1, 2022, November 1, 2023 and November 1, 2024.
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 November 1, 2021 and November 1, 2026. Vesting is subject to continued employment with QMCO through the later of the achievement date or service vesting date, which occurs in three installments on November 1, 2022, November 1, 2023 and November 1, 2024.

Remarks:

The purpose of this amendment is solely to correct an administrative error relating to the expiration date in Table II, Box 6 of the Reporting Person's Form 4. This corrected Form 4 reflects the correct date of November 1, 2026 in Table 2, Box 6 (Expiration Date)