Pamela M. Lopker - 11 Jun 2021 Form 4 Insider Report for QAD INC

Role
President, Director, 10%+ Owner
Signature
/s/ Mark Rasmussen, Attorney in Fact for Pamela M. Lopker
Issuer symbol
N/A
Transactions as of
11 Jun 2021
Net transactions value
-$752,554
Form type
4
Filing time
15 Jun 2021, 13:30:46 UTC
Previous filing
10 Jun 2021
Next filing
24 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QADA_QADB Class A Common Stock Options Exercise $0 +13,376 +0.31% $0.000000 4,355,799 11 Jun 2021 Direct
transaction QADA_QADB Class A Common Stock Tax liability $465,468 -5,892 -0.14% $79.00* 4,349,907 11 Jun 2021 Direct
transaction QADA_QADB Class A Common Stock Tax liability $287,086 -3,634 -0.08% $79.00* 4,346,273 11 Jun 2021 Direct
holding QADA_QADB Class A Common Stock 156,206 11 Jun 2021 Direct
holding QADA_QADB Class A Common Stock 634,982 11 Jun 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 Performance Stock Units ("PSUs") Options Exercise $0 -13,376 -55% $0.000000 11,000 11 Jun 2021 Class A Common Stock 13,376 $0.000000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 PSUs have no exercise date.
F2 Not applicable.
F3 The number of PSUs owned following the transaction reported herein is a target number only.