Daniel Lender - 11 Jun 2021 Form 4 Insider Report for QAD INC

Role
EVP & CFO
Signature
/s/ Mark Rasmussen, Attorney in Fact for Daniel Lender
Issuer symbol
N/A
Transactions as of
11 Jun 2021
Net transactions value
-$847,828
Form type
4
Filing time
15 Jun 2021, 13:50:32 UTC
Previous filing
25 May 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 +7,600 +4.6% $0.000000 173,935 11 Jun 2021 Direct
transaction QADA_QADB Class A Common Stock Tax liability $297,672 -3,768 -2.2% $79.00* 170,167 11 Jun 2021 Direct
transaction QADA_QADB Class A Common Stock Tax liability $170,719 -2,161 -1.3% $79.00* 168,006 11 Jun 2021 Direct
transaction QADA_QADB Class A Common Stock Tax liability $134,695 -1,705 -1% $79.00* 166,301 11 Jun 2021 Direct
transaction QADA_QADB Class A Common Stock Tax liability $244,742 -3,098 -1.9% $79.00* 163,203 13 Jun 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 -7,600 -55% $0.000000 6,250 11 Jun 2021 Class A Common Stock 7,600 $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.