James J. Lerner - Apr 22, 2022 Form 4 Insider Report for QUANTUM CORP /DE/ (QMCO)

Role
President & CEO, Director
Signature
/s/ Josie Buensuceso, Attorney-in-Fact for James J. Lerner
Stock symbol
QMCO
Transactions as of
Apr 22, 2022
Transactions value $
$10,001
Form type
4
Date filed
4/26/2022, 07:58 PM
Previous filing
Jan 10, 2022
Next filing
Jul 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QMCO Common Stock Exercise of in-the-money or at-the-money derivative security $10K +4.45K +0.27% $2.25 1.68M Apr 22, 2022 Direct F1, F2

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 Subscription Rights (Rights to buy) Exercise of in-the-money or at-the-money derivative security $0 -4.45K -100% $0.00* 0 Apr 22, 2022 Common Stock 4.45K $2.25 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Exercise of irrevocable subscription rights to acquire shares of common stock at the closing of the Issuer's rights offering on April 22, 2022.
F2 Includes 3,044 shares acquired under Quantum Corporation's Employee Stock Purchase Plan on February 4, 2022.