<SEC-DOCUMENT>0000899243-19-026555.txt : 20191104
<SEC-HEADER>0000899243-19-026555.hdr.sgml : 20191104
<ACCEPTANCE-DATETIME>20191104160524
ACCESSION NUMBER: 0000899243-19-026555
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20191031
FILED AS OF DATE: 20191104
DATE AS OF CHANGE: 20191104
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Hallsworth Frederick
CENTRAL INDEX KEY: 0001604877
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36415
FILM NUMBER: 191189766
MAIL ADDRESS:
STREET 1: THE GARDEN WING, HOUSTON HOUSE
STREET 2: KIRK ROAD
CITY: HOUSTON
STATE: X0
ZIP: PA6 7AR
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Quotient Ltd
CENTRAL INDEX KEY: 0001596946
STANDARD INDUSTRIAL CLASSIFICATION: IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES [2835]
IRS NUMBER: 264719797
STATE OF INCORPORATION: Y9
FISCAL YEAR END: 0331
BUSINESS ADDRESS:
STREET 1: 28 ESPLANADE
CITY: SAINT HELIER
STATE: Y9
ZIP: JE2 3QA
BUSINESS PHONE: 41274832286
MAIL ADDRESS:
STREET 1: 28 ESPLANADE
CITY: SAINT HELIER
STATE: Y9
ZIP: JE2 3QA
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<DESCRIPTION>FORM 4 SUBMISSION
<TEXT>
<XML>
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<ownershipDocument>
<schemaVersion>X0306</schemaVersion>
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<periodOfReport>2019-10-31</periodOfReport>
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<issuer>
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<issuerName>Quotient Ltd</issuerName>
<issuerTradingSymbol>QTNT</issuerTradingSymbol>
</issuer>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik>0001604877</rptOwnerCik>
<rptOwnerName>Hallsworth Frederick</rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1>28 ESPLANADE</rptOwnerStreet1>
<rptOwnerStreet2></rptOwnerStreet2>
<rptOwnerCity>ST HELIER</rptOwnerCity>
<rptOwnerState>Y9</rptOwnerState>
<rptOwnerZipCode>JE2 3QA</rptOwnerZipCode>
<rptOwnerStateDescription>JERSEY</rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector>1</isDirector>
<isOfficer>0</isOfficer>
<isTenPercentOwner>0</isTenPercentOwner>
<isOther>0</isOther>
</reportingOwnerRelationship>
</reportingOwner>
<nonDerivativeTable>
<nonDerivativeTransaction>
<securityTitle>
<value>Ordinary Shares</value>
</securityTitle>
<transactionDate>
<value>2019-10-31</value>
</transactionDate>
<deemedExecutionDate></deemedExecutionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>M</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
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<transactionTimeliness>
<value></value>
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<transactionAmounts>
<transactionShares>
<value>7559</value>
</transactionShares>
<transactionPricePerShare>
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<transactionAcquiredDisposedCode>
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</sharesOwnedFollowingTransaction>
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<ownershipNature>
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<nonDerivativeHolding>
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<value>By wife</value>
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<value>2025-10-31</value>
</expirationDate>
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</underlyingSecurityTitle>
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</underlyingSecurityShares>
</underlyingSecurity>
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</conversionOrExercisePrice>
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</exerciseDate>
<expirationDate>
<value>2024-04-29</value>
</expirationDate>
<underlyingSecurity>
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</underlyingSecurityTitle>
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</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts>
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<value>D</value>
</directOrIndirectOwnership>
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<derivativeHolding>
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<value>Option to Purchase Ordinary Shares</value>
</securityTitle>
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<value>2014-02-13</value>
</exerciseDate>
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<value>2022-08-30</value>
</expirationDate>
<underlyingSecurity>
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<value>Ordinary Shares</value>
</underlyingSecurityTitle>
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</underlyingSecurityShares>
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<sharesOwnedFollowingTransaction>
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</securityTitle>
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<value>9.95</value>
</conversionOrExercisePrice>
<exerciseDate>
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</exerciseDate>
<expirationDate>
<value>2024-10-31</value>
</expirationDate>
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</underlyingSecurityTitle>
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<sharesOwnedFollowingTransaction>
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<directOrIndirectOwnership>
<value>D</value>
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</derivativeHolding>
<derivativeHolding>
<securityTitle>
<value>Ordinary Share Option (Right to Buy)</value>
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<conversionOrExercisePrice>
<value>5.73</value>
</conversionOrExercisePrice>
<exerciseDate>
<footnoteId id="F6"/>
</exerciseDate>
<expirationDate>
<value>2026-10-31</value>
</expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value>Ordinary Shares</value>
</underlyingSecurityTitle>
<underlyingSecurityShares>
<value>8726</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>8726</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value>
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</ownershipNature>
</derivativeHolding>
<derivativeHolding>
<securityTitle>
<value>Ordinary Share Option (Right to Buy)</value>
</securityTitle>
<conversionOrExercisePrice>
<value>5.21</value>
</conversionOrExercisePrice>
<exerciseDate>
<footnoteId id="F7"/>
</exerciseDate>
<expirationDate>
<value>2027-10-31</value>
</expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value>Ordinary Shares</value>
</underlyingSecurityTitle>
<underlyingSecurityShares>
<value>9597</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>9597</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value>
</directOrIndirectOwnership>
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</derivativeHolding>
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<securityTitle>
<value>Restricted Stock Units</value>
</securityTitle>
<conversionOrExercisePrice>
<footnoteId id="F1"/>
</conversionOrExercisePrice>
<transactionDate>
<value>2019-10-31</value>
</transactionDate>
<deemedExecutionDate></deemedExecutionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>M</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionTimeliness>
<value></value>
</transactionTimeliness>
<transactionAmounts>
<transactionShares>
<value>2879</value>
</transactionShares>
<transactionPricePerShare>
<value>0.00</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value>D</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<exerciseDate>
<footnoteId id="F8"/>
</exerciseDate>
<expirationDate>
<footnoteId id="F8"/>
</expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value>Ordinary Shares</value>
</underlyingSecurityTitle>
<underlyingSecurityShares>
<value>2879</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts>
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</sharesOwnedFollowingTransaction>
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<ownershipNature>
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</directOrIndirectOwnership>
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<securityTitle>
<value>Restricted Stock Units</value>
</securityTitle>
<conversionOrExercisePrice>
<footnoteId id="F1"/>
</conversionOrExercisePrice>
<transactionDate>
<value>2019-10-31</value>
</transactionDate>
<deemedExecutionDate></deemedExecutionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>M</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionTimeliness>
<value></value>
</transactionTimeliness>
<transactionAmounts>
<transactionShares>
<value>4680</value>
</transactionShares>
<transactionPricePerShare>
<value>0.00</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value>D</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<exerciseDate>
<footnoteId id="F9"/>
</exerciseDate>
<expirationDate>
<footnoteId id="F9"/>
</expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value>Ordinary Shares</value>
</underlyingSecurityTitle>
<underlyingSecurityShares>
<value>4680</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>0</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
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<value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeTransaction>
<derivativeHolding>
<securityTitle>
<value>Ordinary Share Option (Right to Buy)</value>
</securityTitle>
<conversionOrExercisePrice>
<value>6.41</value>
</conversionOrExercisePrice>
<exerciseDate>
<footnoteId id="F10"/>
</exerciseDate>
<expirationDate>
<value>2028-10-31</value>
</expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value>Ordinary Shares</value>
</underlyingSecurityTitle>
<underlyingSecurityShares>
<value>6240</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>6240</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeHolding>
<derivativeTransaction>
<securityTitle>
<value>Restricted Stock Units</value>
</securityTitle>
<conversionOrExercisePrice>
<footnoteId id="F1"/>
</conversionOrExercisePrice>
<transactionDate>
<value>2019-10-31</value>
</transactionDate>
<deemedExecutionDate></deemedExecutionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>A</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionTimeliness>
<value></value>
</transactionTimeliness>
<transactionAmounts>
<transactionShares>
<value>15424</value>
</transactionShares>
<transactionPricePerShare>
<value>0.00</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<exerciseDate>
<footnoteId id="F11"/>
</exerciseDate>
<expirationDate>
<footnoteId id="F11"/>
</expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value>Ordinary Shares</value>
</underlyingSecurityTitle>
<underlyingSecurityShares>
<value>15424</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>15424</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeTransaction>
<derivativeTransaction>
<securityTitle>
<value>Ordinary Share Option (Right to Buy)</value>
</securityTitle>
<conversionOrExercisePrice>
<value>7.78</value>
</conversionOrExercisePrice>
<transactionDate>
<value>2019-10-31</value>
</transactionDate>
<deemedExecutionDate></deemedExecutionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>A</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionTimeliness>
<value></value>
</transactionTimeliness>
<transactionAmounts>
<transactionShares>
<value>8158</value>
</transactionShares>
<transactionPricePerShare>
<value>0.00</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<exerciseDate>
<footnoteId id="F12"/>
</exerciseDate>
<expirationDate>
<value>2029-10-31</value>
</expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value>Ordinary Shares</value>
</underlyingSecurityTitle>
<underlyingSecurityShares>
<value>8158</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>8158</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeTransaction>
</derivativeTable>
<footnotes>
<footnote id="F1">Restricted Stock Units convert into ordinary shares on a one-for-one basis.</footnote>
<footnote id="F2">All 7,505 options have vested and remain exercisable.</footnote>
<footnote id="F3">All 5,000 options have vested and remain exercisable.</footnote>
<footnote id="F4">The exercise price will be paid in pounds sterling, at GBP0.91 per share.</footnote>
<footnote id="F5">All 5,025 options have vested and remain exercisable.</footnote>
<footnote id="F6">All 8,726 options have vested and remain exercisable.</footnote>
<footnote id="F7">6,398 options have vested and remain exercisable, and 3,199 options will vest on October 31, 2020.</footnote>
<footnote id="F8">On October 31, 2017, the Reporting Person was granted 5,758 restricted stock units, all of which have vested and have been exercised.</footnote>
<footnote id="F9">On October 31, 2018, the Reporting Person was granted 18,721 restricted stock units, all of which have vested and have been exercised.</footnote>
<footnote id="F10">2,080 options vested on October 31, 2019 and remain exercisable, 2,080 options will vest on October 31, 2020 and 2,080 options will vest on October 31, 2021.</footnote>
<footnote id="F11">On October 31, 2019, the Reporting Person was granted 15,424 restricted stock units, vesting in four equal installments on January
31, 2020, April 30, 2020, July 31, 2020 and October 31, 2020.</footnote>
<footnote id="F12">The options vest and become exercisable in three equal annual installments beginning October 31, 2020.</footnote>
</footnotes>
<remarks></remarks>
<ownerSignature>
<signatureName>/s/ Frederick Hallsworth</signatureName>
<signatureDate>2019-11-04</signatureDate>
</ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>