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 | -$667K | -181K | -16.95% | $3.68* | 888K | Oct 15, 2021 | Ordinary Shares | 181K | Direct | F1, F2 | |
transaction | QTNT | Ordinary Share Option (Right to Buy) | Disposed to Issuer | -$333K | -138K | -16.13% | $2.41* | 719K | Oct 15, 2021 | Ordinary Shares | 138K | $3.68 | Direct | F3 |
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. |