0001437749-16-035526.txt : 20160722
0001437749-16-035526.hdr.sgml : 20160722
20160722133917
ACCESSION NUMBER: 0001437749-16-035526
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160721
FILED AS OF DATE: 20160722
DATE AS OF CHANGE: 20160722
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: 161779339
MAIL ADDRESS:
STREET 1: 100 INNOVATION PLACE
CITY: SANTA BARBARA
STATE: CA
ZIP: 93108
4
1
rdgdoc.xml
EXCHANGE
X0306
4
2016-07-21
0001036188
QAD INC
QADA, QADB
0001080338
LOPKER KARL F
100 INNOVATION PLACE
SANTA BARBARA
CA
93108
1
1
1
CEO
Class A Common Stock ($0.001 par value)
2016-07-21
4
S
0
208240
D
5142595
D
Class B Common Stock ($0.001 par value)
2016-07-21
4
P
0
245765
A
2236535
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)
514140
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 certain share exchange agreements dated July 20, 2016 (the "Exchange Agreements") by and between Pamela M. Lopker and Karl F. Lopker, as Trustees of the Lopker Living Trust dated November 18, 2013 (the "Lopker Trust"), and certain shareholders of QAD Inc. (the "Issuer") who are managed by a common advisor, such shareholders agreed to transfer, in the aggregate, 245,765 shares of Class B Common Stock of the Issuer, par value $0.001 per share ("Class B Shares"), to the Lopker Trust, and the Lopker Trust agreed to transfer, in the aggregate, 208,240 shares of Class A Common Stock of the Issuer, par value $0.001 per share ("Class A Shares"), to such shareholders. The transfer of Class B Shares in exchange for the transfer of Class A Shares closed on July 21, 2016, which were arms-length transactions for in-kind rather than cash consideration and, accordingly, do not have a per-share price.
This exchange is being reported on a Form 4 for both Karl F. Lopker and Pamela M. Lopker, who act as joint trustees of the Lopker Living Trust.
/s/ Betty Weinert, attorney in fact for Karl F. Lopker
2016-07-22