0001628280-20-003830.txt : 20200319 0001628280-20-003830.hdr.sgml : 20200319 20200319163755 ACCESSION NUMBER: 0001628280-20-003830 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200317 FILED AS OF DATE: 20200319 DATE AS OF CHANGE: 20200319 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: 20728994 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 wf-form4_158465025570001.xml FORM 4 X0306 4 2020-03-17 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 and CEO Common Stock 2020-03-17 4 M 0 230000 0 A 1160000 D Performance-Based Restricted Stock Units 2020-03-17 4 M 0 150000 0 D 2022-07-01 Common Stock 150000.0 0 D Performance-Based Restricted Stock Units 2020-03-17 4 M 0 80000 0 D 2029-09-06 Common Stock 80000.0 160000 D Performance-Based Restricted Stock Units were previously reported on August 27, 2019, which vest in three equal components upon the later of achievement of specified levels of the average closing prices of a share of QMCO common stock during any sixty (60) day trading period between July 1, 2018 and June 30, 2022, and upon specified service dates, whichever is later. The third achievement date occurred on March 17, 2020, as certified by the leadership and compensation committee of QMCO, resulting in 150,000 units meeting the appropriate performance-based conditions. However, these shares remain subject to time-based vesting conditions and will therefore vest on July 1, 2021, subject to continued employment. These shares are reflected on Table I, and no units remain that are subject to these performance-based and time-based vesting conditions. Performance-Based Restricted Stock Units were previously reported on September 10, 2019, which vest in three equal components upon the later of achievement of specified levels of the average closing prices of a share of QMCO common stock during any hundred (100) calendar day period, and upon specified service dates, whichever is later. The first achievement date occurred on March 17, 2020, as certified by the leadership and compensation committee of QMCO, resulting in 80,000 units meeting the appropriate performance-based conditions. However, these shares remain subject to time-based vesting conditions and will therefore vest on September 5, 2020, subject to continued employment. These shares are reflected on Table I, and 160,000 units remaining subject to these performance-based and time-based vesting conditions. /s/ Josie Buensuceso, Attorney-in-Fact for James L. Lerner 2020-03-18