Zubeen Shroff - Jun 24, 2022 Form 4 Insider Report for Quotient Ltd (QTNT)

Role
Director
Signature
/s/ Zubeen Shroff
Stock symbol
QTNT
Transactions as of
Jun 24, 2022
Transactions value $
$1,400,000
Form type
4
Date filed
7/6/2022, 04:35 PM
Previous filing
May 3, 2022
Next filing
Aug 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QTNT Ordinary Shares Purchase $1.4M +4.67M +63.67% $0.30 12M Jun 24, 2022 See footnote F2, F14
holding QTNT Ordinary Shares 118K Jun 24, 2022 Direct

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
holding QTNT Ordinary Shares Option (Right to buy) 7.51K Jun 24, 2022 Ordinary Shares 7.51K $11.62 Direct F3
holding QTNT Ordinary Shares Option (Right to buy) 5K Jun 24, 2022 Ordinary Shares 5K $8.00 Direct F4
holding QTNT Ordinary Shares Option (Right to buy) 5.03K Jun 24, 2022 Ordinary Shares 5.03K $9.95 Direct F5
holding QTNT Ordinary Shares Option (Right to buy) 8.73K Jun 24, 2022 Ordinary Shares 8.73K $5.73 Direct F6
holding QTNT Ordinary Shares Option (Right to buy) 9.6K Jun 24, 2022 Ordinary Shares 9.6K $5.21 Direct F7
holding QTNT Ordinary Shares Option (Right to buy) 6.24K Jun 24, 2022 Ordinary Shares 6.24K $6.41 Direct F8
holding QTNT Ordinary Shares Option (Right to buy) 8.16K Jun 24, 2022 Ordinary Shares 8.16K $7.78 Direct F9
holding QTNT Ordinary Shares Option (Right to buy) 13.6K Jun 24, 2022 Ordinary Shares 13.6K $4.55 Direct F10
holding QTNT Restricted Stock Units 21.7K Jun 24, 2022 Ordinary Shares 10.9K Direct F1, F11
holding QTNT Restricted Stock Units 5.34K Jun 24, 2022 Ordinary Shares 2.67K Direct F1, F12
holding QTNT Ordinary Shares Option (Right to buy) 24K Jun 24, 2022 Ordinary Shares 24K $2.53 Direct F13
* 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 Includes 10,913,091 ordinary shares held of record by Galen V LP, 931,945 ordinary shares held by Galen International V LP, and 150,704 ordinary shares held of record by Galen Management, LLC. Mr. Shroff is a managing director of Galen Management, LLC, and shares voting and dispositive power over the securities held by Galen V LP, Galen International V LP and Galen Management, LLC. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein.
F3 All 7,505 options have vested and remain exercisable.
F4 All 5,000 options have vested and remain exercisable.
F5 All 5,025 options have vested and remain exercisable.
F6 All 8,726 options have vested and remain exercisable.
F7 All 9,597 options have vested and remain exercisable.
F8 All 6,240 options have vested and remain exercisable.
F9 2,719 options vested on October 31, 2021 and remain exercisable, and the remaining 2,720 options will vest on October 31, 2022.
F10 All 13,611 options have vested and remain exercisable.
F11 On October 31, 2021, the Reporting Person was granted 43,478 restricted stock units, of which 21,704 have vested and have converted into ordinary shares. The remaining 21,738 restricted stock units will vest in two equal installments on July 31, 2022 and October 31, 2022.
F12 On October 31, 2021, the Reporting Person was granted 10,672 restricted stock units, of which 5,336 have vested and have converted into ordinary shares. The remaining 5,336 restricted stock units will vest in two equal installments on July 31, 2022 and October 31, 2022.
F13 The options vest and become exercisable on October 31, 2022.
F14 Galen Partners V LP acquired 4,299,501 ordinary shares and Galen Partners International V LP ("Galen International V") acquired 367,165 ordinary shares.