Key facts
- This page summarizes Scott J. Adelson's Form 4 filing for QAD INC.
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 05 Nov 2021, 14:51.
Scott J. Adelson - 05 Nov 2021 Form 4 Insider Report for QAD INC
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 05 Nov 2021
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 05 Nov 2021, 14:51:57 UTC
- Prior SEC filing
- 13 Oct 2021
- Next SEC filing
- 17 May 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Scott J. Adelson
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Scott J. Adelson filed Form 4 for QAD INC on 05 Nov 2021.
Change
- Previous filing in this sequence was filed on 13 Oct 2021.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
QADA, QADB
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -59,672
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 05 Nov 2021
- Ownership
- Direct
- Footnotes
- F1, F2
QADA, QADB
transaction
Class B Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -6,267
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 05 Nov 2021
- Ownership
- Direct
- Footnotes
- F1, F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Scott J. Adelson is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 2 footnotes
Footnote F1
Disposition pursuant to Agreement and Plan of Merger, dated as of June 27, 2021 (the "Merger Agreement") by and among Issuer, Project Quick Parent, LLC, a Delaware limited liability company ("Parent"), and Project Quick Merger Sub, Inc., a Delaware corporation and a direct, wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub merged with and into Issuer (the "Merger"), with Issuer surviving the Merger as a wholly owned subsidiary of Parent.
Footnote F2
In the Merger, each share of Issuer's Class A Common Stock and Class B Common Stock (together, the "Shares") (other than Shares issued and held by Issuer or any of its direct or indirect wholly owned subsidiaries immediately prior to the Merger effective time, Shares owned by Parent, Merger Sub or any of their respective direct or indirect wholly owned subsidiaries immediately prior to the Merger effective time, Rollover Shares and Dissenting Shares (each as defined in Issuer's proxy statement)), issued and outstanding immediately prior to the Merger effective time was cancelled and converted into the right to receive from Parent $87.50 per share in cash, without interest and less any applicable withholding taxes, subject to and in accordance with the terms and conditions of the Merger Agreement.