Pamela M. Lopker - Jun 8, 2021 Form 4 Insider Report for QAD INC (QADA_QADB)

Signature
/s/ Mark Rasmussen, Attorney in Fact for Pamela M. Lopker
Stock symbol
QADA_QADB
Transactions as of
Jun 8, 2021
Transactions value $
-$4,974,791
Form type
4
Date filed
6/10/2021, 02:27 PM
Previous filing
May 25, 2021
Next filing
Jun 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QADA_QADB Class A Common Stock Options Exercise $1.89M +160K +3.75% $11.81 4.43M Jun 8, 2021 Direct
transaction QADA_QADB Class A Common Stock Disposed to Issuer -$1.89M -24.6K -0.56% $76.73* 4.4M Jun 8, 2021 Direct
transaction QADA_QADB Class A Common Stock Tax liability -$4.52M -58.8K -1.34% $76.73* 4.34M Jun 8, 2021 Direct
transaction QADA_QADB Class B Common Stock Options Exercise $315K +30K +49.31% $10.50 90.8K Jun 8, 2021 Direct
transaction QADA_QADB Class B Common Stock Disposed to Issuer -$315K -6.32K -6.96% $49.83* 84.5K Jun 8, 2021 Direct
transaction QADA_QADB Class B Common Stock Tax liability -$459K -9.22K -10.91% $49.83* 75.3K Jun 8, 2021 Direct
holding QADA_QADB Class A Common Stock 156K Jun 8, 2021 Direct
holding QADA_QADB Class A Common Stock 635K Jun 8, 2021 Estate of Karl F. Lopker
holding QADA_QADB Class B Common Stock 2.36M Jun 8, 2021 Direct
holding QADA_QADB Class B Common Stock 109K Jun 8, 2021 Estate of Karl F. Lopker

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 QADA_QADB Stock Appreciation Right (Right to Buy) Options Exercise $0 -160K -100% $0.00* 0 Jun 8, 2021 Class A Common Stock 160K $11.81 Direct
transaction QADA_QADB Stock Appreciation Right (Right to Buy) Options Exercise $0 -30K -100% $0.00* 0 Jun 8, 2021 Class B Common Stock 30K $10.50 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.