Kenan Lucas - 07 Feb 2023 Form 4 Insider Report for Qumu Corp

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 07 Feb 2023
Net transaction value: -$1,616,584
SEC form: 4
Accepted by SEC: 10 Feb 2023, 17:05:28 UTC
Prior SEC filing: 28 Oct 2022
Next SEC filing: 22 Jul 2024
Source filing: View source filing
Reporting owner signature: /s/ Kenan Lucas

Key filing fact

Kenan Lucas filed Form 4 for Qumu Corp on 10 Feb 2023.

Key facts

This page summarizes Kenan Lucas's Form 4 filing for Qumu Corp.
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 10 Feb 2023, 17:05.

Change

Previous filing in this sequence was filed on 28 Oct 2022.
Current net transaction value: -$1,616,584.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

QUMU transaction

Common Stock, $0.01 par value

Disposition pursuant to a tender of shares in a change of control transaction

Transaction value: $52,259
Shares: -58,066
Change %: -100%
Price: $0.9000
Shares after: 0
Date: 07 Feb 2023
Ownership: See footnote
Footnotes: F1

QUMU transaction

Common Stock, $0.01 par value

Disposition pursuant to a tender of shares in a change of control transaction

Transaction value: $1,526,206
Shares: -1,695,785
Change %: -100%
Price: $0.9000
Shares after: 0
Date: 07 Feb 2023
Ownership: See footnote
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

QUMU transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value: $22,500
Shares: -25,000
Change %: -100%
Price: $0.9000
Shares after: 0
Date: 08 Feb 2023
Ownership: See footnote
Underlying class: Common Stock, $0.01 par value
Underlying amount: 25,000
Exercise price
Footnotes: F3, F4, F5

QUMU transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value: $15,618
Shares: -17,353
Change %: -100%
Price: $0.9000
Shares after: 0
Date: 08 Feb 2023
Ownership: See footnote
Underlying class: Common Stock, $0.01 par value
Underlying amount: 17,353
Exercise price
Footnotes: F3, F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Kenan Lucas is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 5 footnotes

Footnote F1

These shares were received by Kenan Lucas in lieu of a portion of his annual board compensation, were assigned to Harbert Fund Advisors, Inc. ("HFA"), and were held in an affiliated brokerage account for the benefit of the investors of Harbert Discovery Fund, LP (the "Fund").

Footnote F2

These shares were held by the Fund. Mr. Lucas may be deemed to beneficially own these shares through his role as the managing director and portfolio manager of the Fund's general partner.

Footnote F3

Each restricted stock unit represents the contingent right to receive one share of Qumu common stock.

Footnote F4

The restricted stock units were converted into the right to receive an amount in cash equal to $0.9 multiplied by the aggregate number of shares of common stock subject to such restricted stock award or RSU award. The foregoing description does purport to be complete and is subject to and qualified in its entirety by reference to the Issuer's SC 14D9 filed on January 6, 2023, which is incorporated herein by reference.

Footnote F5

The restricted stock units were held for the benefit of the investors of the Fund.