Anton Chilton - Jun 11, 2021 Form 4 Insider Report for QAD INC (QADA_QADB)

Role
CEO, Director
Signature
/s/ Mark Rasmussen, Attorney in Fact for Anton Chilton
Stock symbol
QADA_QADB
Transactions as of
Jun 11, 2021
Transactions value $
-$791,264
Form type
4
Date filed
6/15/2021, 01:47 PM
Previous filing
May 25, 2021
Next filing
Nov 5, 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 $0 +13.4K +11.69% $0.00 128K Jun 11, 2021 Direct
transaction QADA_QADB Class A Common Stock Tax liability -$524K -6.63K -5.19% $79.00* 121K Jun 11, 2021 Direct
transaction QADA_QADB Class A Common Stock Tax liability -$267K -3.39K -2.79% $79.00* 118K Jun 11, 2021 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
transaction QADA_QADB Performance Stock Units ("PSUs") Options Exercise $0 -13.4K -54.87% $0.00 11K Jun 11, 2021 Class A Common Stock 13.4K $0.00 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.