-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OpD/lNjsbwUYosCGHwn1gY7Ck2awNeVIR0Mvl0iH00ifnZpxMtfbrpsxE+NlfU8l tGmNQAQ/yAQZP3mW664SLg== 0001244944-05-000033.txt : 20050611 0001244944-05-000033.hdr.sgml : 20050611 20050526170710 ACCESSION NUMBER: 0001244944-05-000033 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050524 FILED AS OF DATE: 20050526 DATE AS OF CHANGE: 20050526 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: 6450 VIA REAL CITY: CARPINTERIA STATE: CA ZIP: 93013 BUSINESS PHONE: 8056846614 MAIL ADDRESS: STREET 1: 6450 VIA REAL CITY: CARPINTERIA STATE: CA ZIP: 93013 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: LIPKIN JEFFREY A CENTRAL INDEX KEY: 0001018385 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-22823 FILM NUMBER: 05860783 BUSINESS ADDRESS: STREET 1: 901 STREET 2: 901 MARINERS ISLAND BLVD CITY: SAN MATEO STATE: CA ZIP: 94404-1592 BUSINESS PHONE: 4155789752 MAIL ADDRESS: STREET 1: 650 GEORGIA AVENUE CITY: POLO ALTO STATE: CA ZIP: 94306 4 1 edgar.xml PRIMARY DOCUMENT X0202 4 2005-05-24 1 0001036188 QAD INC QADI 0001018385 LIPKIN JEFFREY A 6450 VIA REAL CARPINTERIA CA 93013 1 0 0 0 Common Stock 2005-05-24 4 D 0 2000000 7.40 D 1002778 I By partnership Recovery Equity Investors II, L.P., a Delaware limited partnership ("REI"), and QAD Inc. entered into a sale agreement on May 24, 2005, pursuant to which REI has agreed to sell to QAD Inc. 2,000,000 shares of QAD Inc. common stock for a price of $7.40 per share. The closing of the transaction will take place on May 26, 2005. REI beneficially owns the securities listed above for the purposes of Rule 16a-1(a)(1). Recovery Equity Partners II, L.P., a Delaware limited partnership ("REP"), is the sole general partner of REI, and the reporting person is one of the two general partners of REP. Accordingly, the reporting person may be deemed to beneficially own such securities for purposes of Rule 16a-1(a)(1). The reporting person disclaims beneficial ownership of the securities reported on this Form 4, except to the extent of his pecuniary interest therein, and this Form 4 shall not be deemed an admission that the reporting person is a beneficial owner of such securities for purposes of Section 16 or for any other purpose. The securities as to which the reporting person has a pecuniary interest is significantly less than that set forth above in accordance with Rule 16a-1(a)(1). Jeffrey A. Lipkin 2005-05-25 -----END PRIVACY-ENHANCED MESSAGE-----