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

Role
Former CEO, Director
Signature
/s/ John Platz, Attorney-in-Fact for Steven R. Boal
Stock symbol
QUOT
Transactions as of
May 20, 2022
Transactions value $
$0
Form type
4
Date filed
5/24/2022, 07:27 PM
Previous filing
Mar 3, 2022
Next filing
Jun 3, 2022

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 -47K -100% 0 May 20, 2022 Common Stock 47K $8.51 Direct F1, F2
transaction QUOT Employee Stock Option (right to buy) Disposed to Issuer -600K -100% 0 May 20, 2022 Common Stock 600K $8.65 Direct F1, F2
transaction QUOT Stock Option (right to buy) Disposed to Issuer -469K -100% 0 May 20, 2022 Common Stock 469K $8.95 Direct F1, F3
transaction QUOT Stock Option (right to buy) Disposed to Issuer -300K -100% 0 May 20, 2022 Common Stock 300K $9.96 Direct F1, F4
transaction QUOT Stock Option (Right to Buy) Disposed to Issuer -300K -100% 0 May 20, 2022 Common Stock 300K $13.00 Direct F1, F2
transaction QUOT Stock Option (Right to Buy) Disposed to Issuer -261K -100% 0 May 20, 2022 Common Stock 261K $13.10 Direct F1, F2
transaction QUOT Employee Stock Option (right to buy) Disposed to Issuer -800K -100% 0 May 20, 2022 Common Stock 800K $25.00 Direct F1, F2
transaction QUOT Stock Option (Right to Buy) Award +47K 47K May 20, 2022 Common Stock 47K $4.19 Direct F1, F2
transaction QUOT Employee Stock Option (right to buy) Award +600K 600K May 20, 2022 Common Stock 600K $4.19 Direct F1, F2
transaction QUOT Stock Option (right to buy) Award +469K 469K May 20, 2022 Common Stock 469K $4.19 Direct F1
transaction QUOT Stock Option (right to buy) Award +300K 300K May 20, 2022 Common Stock 300K $4.19 Direct F1
transaction QUOT Stock Option (right to buy) Award +300K 300K May 20, 2022 Common Stock 300K $4.19 Direct F1, F2
transaction QUOT Stock Option (right to buy) Award +261K 261K May 20, 2022 Common Stock 261K $4.19 Direct F1, F2
transaction QUOT Employee Stock Option (right to buy) Award +800K 800K May 20, 2022 Common Stock 800K $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.