Daniel Lender - Jun 11, 2021 Form 4 Insider Report for QAD INC (QADA_QADB)

Role
EVP & CFO
Signature
/s/ Mark Rasmussen, Attorney in Fact for Daniel Lender
Stock symbol
QADA_QADB
Transactions as of
Jun 11, 2021
Transactions value $
-$847,828
Form type
4
Date filed
6/15/2021, 01:50 PM
Previous filing
May 25, 2021
Next filing
Jun 24, 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 +7.6K +4.57% $0.00 174K Jun 11, 2021 Direct
transaction QADA_QADB Class A Common Stock Tax liability -$298K -3.77K -2.17% $79.00* 170K Jun 11, 2021 Direct
transaction QADA_QADB Class A Common Stock Tax liability -$171K -2.16K -1.27% $79.00* 168K Jun 11, 2021 Direct
transaction QADA_QADB Class A Common Stock Tax liability -$135K -1.71K -1.01% $79.00* 166K Jun 11, 2021 Direct
transaction QADA_QADB Class A Common Stock Tax liability -$245K -3.1K -1.86% $79.00* 163K Jun 13, 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 -7.6K -54.87% $0.00 6.25K Jun 11, 2021 Class A Common Stock 7.6K $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.