Mendez Manuel O - 15 Oct 2021 Form 4 Insider Report for Quotient Ltd

Role
Chief Executive Officer, Director
Signature
/s/ Manuel O. Mendez, by Rebecca Cho his attorney in fact
Issuer symbol
N/A
Transactions as of
15 Oct 2021
Net transactions value
-$999,792
Form type
4
Filing time
19 Oct 2021, 17:41:29 UTC
Next filing
05 Apr 2022
SEC
View on sec.gov

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 QTNT Restricted Stock Units Disposed to Issuer $666,665 -181,159 -17% $3.68* 887,681 15 Oct 2021 Ordinary Shares 181,159 Direct F1, F2
transaction QTNT Ordinary Share Option (Right to Buy) Disposed to Issuer $333,127 -138,227 -16% $2.41* 718,788 15 Oct 2021 Ordinary Shares 138,227 $3.68 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units convert into ordinary shares on a one-for-one basis.
F2 The reporting person and Quotient Ltd. mutually agreed to cancel 181,159 Restricted Stock Units (RSUs) and 138,227 options and in lieu thereof to pay to the reporting person $1,000,000 in cash, net of social security and tax cost deductions, to support the reporting person's relocation to Switzerland where Quotient Ltd.'s principal executive offices are located. Of the remaining RSUs,163,043 will vest in three equal annual installments beginning April 1, 2022, and the balance will vest over three years with 50% vesting on April 1, 2022 and the balance vesting proportionately over the remaining two years.
F3 The reporting person and Quotient Ltd. mutually agreed to cancel 181,159 RSUs and 138,227 options and in lieu thereof to pay to the reporting person $1,000,000 in cash, net of social security and tax cost deductions, to support the reporting person's relocation to Switzerland where Quotient Ltd.'s principal executive offices are located. The remaining options will vest in three equal annual installments beginning on April 1, 2022.