0001140361-15-027685.txt : 20150716
0001140361-15-027685.hdr.sgml : 20150716
20150716080351
ACCESSION NUMBER: 0001140361-15-027685
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150714
FILED AS OF DATE: 20150716
DATE AS OF CHANGE: 20150716
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: QAD INC
CENTRAL INDEX KEY: 0001036188
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 770105228
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 100 INNOVATION PLACE
CITY: SANTA BARBARA
STATE: CA
ZIP: 93108
BUSINESS PHONE: 8055666000
MAIL ADDRESS:
STREET 1: 100 INNOVATION PLACE
CITY: SANTA BARBARA
STATE: CA
ZIP: 93108
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LOPKER KARL F
CENTRAL INDEX KEY: 0001080338
STATE OF INCORPORATION: CA
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35013
FILM NUMBER: 15990550
MAIL ADDRESS:
STREET 1: 100 INNOVATION PLACE
CITY: SANTA BARBARA
STATE: CA
ZIP: 93108
4
1
doc1.xml
FORM 4
X0306
4
2015-07-14
0
0001036188
QAD INC
QADA, QADB
0001080338
LOPKER KARL F
100 INNOVATION PLACE
SANTA BARBARA
CA
93108
1
1
1
0
CEO
Class A Common Stock ($0.001 par value)
2015-07-14
4
S
0
223629
D
5523835
D
Class B Common Stock ($0.001 par value)
2015-07-14
4
P
0
260463
A
1990770
D
Class A Common Stock ($0.001 par value)
103860
D
Class B Common Stock ($0.001 par value)
30441
D
Class A Common Stock ($0.001 par value)
361140
I
Lopker Family Foundation
Class B Common Stock ($0.001 par value)
19828
I
Lopker Family Foundation
Class A Common Stock ($0.001 par value)
5084
I
Lopker Family 1997 Charitable Remainder Trust
Class B Common Stock ($0.001 par value)
1247
I
Lopker Family 1997 Charitable Remainder Trust
Class A Common Stock ($0.001 par value)
103511
I
By spouse
Class B Common Stock ($0.001 par value)
30193
I
By spouse
The transactions reported in this statement are with respect to different classes of securities and, therefore, are not matchable transactions for purposes of Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Act"). See Gibbons v. Malone, 801 F. Supp. 2d 243 (S.D.N.Y. 2011), aff'd, 703 F.3d 595 (2d Cir. 2013).
Pursuant to a share exchange agreement, dated July 14, 2015 (the "Exchange Agreement"), by and between Pamela M. and Karl F. Lopker, as Trustees of the Lopker Living Trust dated November 18, 2013 (the "Lopker Trust"), and Palogic Value Fund, L.P. ("Palogic Value Fund"), Palogic Value Fund agreed to transfer 260,463 shares of Class B Common Stock of QAD Inc. (the "Issuer"), par value $0.001 per share ("Class B Shares"), to the Lopker Trust, and the Lopker Trust agreed to transfer 223,629 shares of Class A Common Stock of the Issuer, par value $0.001 per share ("Class A Shares"), to Palogic Value Fund. The transfer of Class B Shares in exchange for Class A Shares occurred concurrently with the execution and delivery of the Exchange Agreement, which was an arms-length transaction for in-kind rather than cash consideration and, accordingly, does not have a per-share price.
This exchange is being reported on Form 4 for both Karl F. Lopker and Pamela M. Lopker, who act as joint trustees of the Lopker Living Trust.
Betty Weinert, attorney in fact for Karl F. Lopker
2015-07-16