0001209191-21-063550.txt : 20211109
0001209191-21-063550.hdr.sgml : 20211109
20211109131310
ACCESSION NUMBER: 0001209191-21-063550
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210831
FILED AS OF DATE: 20211109
DATE AS OF CHANGE: 20211109
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LOPKER PAMELA M
CENTRAL INDEX KEY: 0001102753
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35013
FILM NUMBER: 211391176
MAIL ADDRESS:
STREET 1: 100 INNOVATION PLACE
CITY: SANTA BARBARA
STATE: CA
ZIP: 93108
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: 0131
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
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-08-31
1
0001036188
QAD INC
QADA, QADB
0001102753
LOPKER PAMELA M
100 INNOVATION PLACE
SANTA BARBARA
CA
93108
1
1
1
0
President
Common Stock
2021-08-31
4
G
0
470362
0.00
D
7206377
I
See footnote 7.
Common Stock
2021-10-22
4
G
0
235181
0.00
D
6971196
I
See footnote 7.
Common Stock
2021-11-05
4
M
0
860000
A
7831196
I
See footnote 7.
Common Stock
2021-11-05
4
M
0
90000
A
7921196
I
See footnote 7.
Common Stock
2021-11-05
4
M
0
35376
0.00
A
7956572
I
See footnote 7.
Common Stock
2021-11-05
4
J
0
3085714
87.50
D
4870858
I
See footnote 7.
Common Stock
2021-11-05
4
D
0
4870858
87.50
D
0
I
See footnote 7.
Stock Appreciation Right (right to buy)
2021-11-05
4
M
0
860000
0.00
D
Common Stock
860000
0
D
Stock Appreciation Right (right to buy)
2021-11-05
4
M
0
90000
0.00
D
Common Stock
90000
0
D
Performance Stock Units
2021-11-05
4
M
0
35376
0.00
D
Common Stock
35376
0
D
Gift of shares to Lopker Family Foundation.
Conversion of stock appreciation rights ("SARs") to acquire Issuer's Class A common stock. See also footnote 8.
Conversion of SARs to acquire Issuer's Class B common stock. See also footnote 9.
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.
In connection with the Merger described in footnote 6, and pursuant to that certain Contribution and Exchange Agreement, dated June 27, 2021, by and between Project Quick Ultimate Parent, LP, a Delaware limited partnership ("Parent"), and Pamela M. Lopker, The Lopker Living Trust dated November 18, 2013, and the Estate of Karl F. Lopker (collectively, the "Rollover Investor"), the Rollover Investor contributed such shares (the "Rollover Shares") to Parent.
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 (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.
Shares reported herein, including shares disposed of pursuant to the Merger Agreement and ancillary agreements by the Reporting Person, consist of all shares of Class A common stock and Class B common stock held by Pamela M. Lopker, the Lopker Living Trust, and the Estate of Karl M. Lopker.
SARs to acquire Issuer's Class A Common Stock. SARs for (i) 160,000 shares, exercise price $19.12, exercisable June 24, 2017, expiration June 14, 2024; (ii) 160,000 shares, exercise price $22.18, exercisable June 11, 2015, expiration June 11, 2022; (iii) 160,000 shares, exercise price $26.11, exercisable June 9, 2016, expiration June 9, 2023; (iv) 190,000 shares, exercise price $31.65, exercisable June 13, 2018, expiration June 13, 2025; and (v) 190,000 shares, exercise price $53.50, exercisable June 11, 2019, expiration June 11, 2026.
SARs to acquire Issuer's Class B Common Stock. SARs for (i) 30,000 shares, exercise price $16.07, exercisable June 24, 2017, expiration June 14, 2024; (ii) 30,000 shares, exercise price $18.80, exercisable June 11, 2015, expiration June 11, 2022; and (iii) 30,000 shares, exercise price $21.25, exercisable June 9, 2016, expiration June 9, 2023.
Not applicable.
/s/ Pamela M. Lopker
2021-11-09