Steven R. Boal - 20 May 2022 Form 4 Insider Report for Quotient Technology Inc.

Role
Former CEO, Director
Signature
/s/ John Platz, Attorney-in-Fact for Steven R. Boal
Issuer symbol
N/A
Transactions as of
20 May 2022
Net transactions value
$0
Form type
4
Filing time
24 May 2022, 19:27:34 UTC
Previous filing
03 Mar 2022
Next filing
03 Jun 2022
SEC
View on sec.gov

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 QUOT Stock Option (Right to Buy) Disposed to Issuer -47,000 -100% 0 20 May 2022 Common Stock 47,000 $8.51 Direct F1, F2
transaction QUOT Employee Stock Option (right to buy) Disposed to Issuer -600,000 -100% 0 20 May 2022 Common Stock 600,000 $8.65 Direct F1, F2
transaction QUOT Stock Option (right to buy) Disposed to Issuer -469,461 -100% 0 20 May 2022 Common Stock 469,461 $8.95 Direct F1, F3
transaction QUOT Stock Option (right to buy) Disposed to Issuer -299,529 -100% 0 20 May 2022 Common Stock 299,529 $9.96 Direct F1, F4
transaction QUOT Stock Option (Right to Buy) Disposed to Issuer -300,000 -100% 0 20 May 2022 Common Stock 300,000 $13.00 Direct F1, F2
transaction QUOT Stock Option (Right to Buy) Disposed to Issuer -261,000 -100% 0 20 May 2022 Common Stock 261,000 $13.10 Direct F1, F2
transaction QUOT Employee Stock Option (right to buy) Disposed to Issuer -800,000 -100% 0 20 May 2022 Common Stock 800,000 $25.00 Direct F1, F2
transaction QUOT Stock Option (Right to Buy) Award +47,000 47,000 20 May 2022 Common Stock 47,000 $4.19 Direct F1, F2
transaction QUOT Employee Stock Option (right to buy) Award +600,000 600,000 20 May 2022 Common Stock 600,000 $4.19 Direct F1, F2
transaction QUOT Stock Option (right to buy) Award +469,461 469,461 20 May 2022 Common Stock 469,461 $4.19 Direct F1
transaction QUOT Stock Option (right to buy) Award +299,529 299,529 20 May 2022 Common Stock 299,529 $4.19 Direct F1
transaction QUOT Stock Option (right to buy) Award +300,000 300,000 20 May 2022 Common Stock 300,000 $4.19 Direct F1, F2
transaction QUOT Stock Option (right to buy) Award +261,000 261,000 20 May 2022 Common Stock 261,000 $4.19 Direct F1, F2
transaction QUOT Employee Stock Option (right to buy) Award +800,000 800,000 20 May 2022 Common Stock 800,000 $4.19 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1. These options were amended pursuant to the Separation Agreement and Release between the Reporting Person and the Issuer, dated May 16, 2022 (the "Separation Agreement"), a copy of which will be filed as an exhibit to the Issuer's quarterly report on Form 10-Q for the fiscal quarter ending June 30, 2022. Pursuant to the terms of the Separation Agreement, the exercise price of each option was reduced to the closing price of the Issuer's Common Stock on the date the Reporting Person ceased to serve as Chief Executive Officer of the Issuer (May 20, 2022), any unvested options will vest immediately and in full on the Reporting Person's last day of employment with the Issuer, which shall be no later than the Issuer's 2022 Annual Meeting of Stockholders (the "Termination Date"), and the options will remain exercisable through the third anniversary of the Termination Date.
F2 This option is currently exercisable in full.
F3 The option vests in 48 equal monthly installments from the vesting commencement date of March 1, 2020.
F4 The option vests in 48 equal monthly installments from the vesting commencement date of March 1, 2019.