0000899243-19-022522.txt : 20190827 0000899243-19-022522.hdr.sgml : 20190827 20190827161340 ACCESSION NUMBER: 0000899243-19-022522 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190823 FILED AS OF DATE: 20190827 DATE AS OF CHANGE: 20190827 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Lerner James J CENTRAL INDEX KEY: 0001602567 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13449 FILM NUMBER: 191057407 MAIL ADDRESS: STREET 1: C/O SEAGATE TECHNOLOGY PLC STREET 2: 10200 S. DEANZA BLVD. CITY: CUPERTINO STATE: CA ZIP: 95014 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: QUANTUM CORP /DE/ CENTRAL INDEX KEY: 0000709283 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER STORAGE DEVICES [3572] IRS NUMBER: 942665054 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 BUSINESS ADDRESS: STREET 1: 224 AIRPORT PARKWAY STREET 2: SUITE 550 CITY: SAN JOSE STATE: CA ZIP: 95110 BUSINESS PHONE: 408 944 4000 MAIL ADDRESS: STREET 1: 224 AIRPORT PARKWAY STREET 2: SUITE 550 CITY: SAN JOSE STATE: CA ZIP: 95110 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2019-08-23 0 0000709283 QUANTUM CORP /DE/ QMCO 0001602567 Lerner James J C/O QUANTUM CORPORATION 224 AIRPORT PARKWAY, SUITE 550 SAN JOSE CA 95110 1 1 0 0 President, CEO Common Stock 2019-08-23 4 A 0 150000 0.00 A 230000 D Common Stock 2019-08-23 4 A 0 400000 0.00 A 630000 D Performance-Based Restricted Stock Units 2019-08-23 4 A 0 450000 0.00 A 2029-08-23 Common Stock 450000 450000 D Grant of Restricted Stock Units ("RSUs"), each of which represents a contingent right to receive one share of common stock of QMCO. The RSUs were approved in connection with the reporting person's commencement of employment in 2018, although the grant was effective on August 23, 2019, the first business day on which QMCO became current with respect to its filings under the Exchange Act of 1934. 150,000 RSUs were fully vested when the grant became effective on August 23, 2019. Grant of Restricted Stock Units ("RSUs"), each of which represents a contingent right to receive one share of common stock of QMCO. The RSUs were approved in connection with the reporting person's commencement of employment in 2018, although the grant was effective on August 23, 2019, the first business day on which QMCO became current with respect to its filings under the Exchange Act of 1934. The RSUs vest in three equal annual installments beginning on beginning on July 1, 2019; although the first vesting date was deferred until August 23, 2019. The remaining shares will vest in equal installments on July 1, 2020 and July 1, 2021. Grant of Performance-Based Restricted Stock Units, each of which represents a contingent right to receive one share of common stock of QMCO, with vesting subject to the achievement of specified levels of the average closing prices of a share of QMCO common stock during any sixty (60) day trading period on a National Exchange occurring between July 1, 2018 and June 30, 2022. Vesting is subject to continued employment with the Company through the later of the achievement date or service vesting date, which occurs in three equal annual installments on August 23, 2019, July 1, 2020 and July 1, 2021. /s/ James J. Lerner 2019-08-27