LOPKER PAMELA M (President) exercised options at QAD INC
Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.
M · 1 exercise
Filed: 6/11/2020ACC: 0001437749-20-012961
DirectorOfficer10% Owner· President
Since Dec 2018
-93.55K
Net shares
Net seller
$4.18M
Total sold
0
Open market trades
0B · 0S
4
Total transactions
160K acquired · 253.55K disposed
Non-Derivative Transactions3
Class A Common Stock
Direct
Shares
+160K
Price / share
$12.85
Trade value
$2.06M
% of position
3.9%
6/10/2020
4.14M→4.30M
Class A Common Stock
Direct
Shares
−45.97K
Price / share
$44.73
Trade value
$2.06M
% of position
1.1%
6/10/2020
4.30M→4.26M
Class A Common Stock
Direct
Shares
−47.58K
Price / share
$44.73
Trade value
$2.13M
% of position
1.1%
6/10/2020
4.26M→4.21M
Total
Net shares
+66.45K
Net value
-$2.13M
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock Direct | 6/10/2020 | M · Option Exercise | +160K | $12.85 | $2.06M | 3.9% | 4.14M | 4.30M |
| Class A Common Stock Direct | 6/10/2020 | D · Disposition | −45.97K | $44.73 | $2.06M | 1.1% | 4.30M | 4.26M |
| Class A Common Stock Direct | 6/10/2020 | F · Tax Withholding | −47.58K | $44.73 | $2.13M | 1.1% | 4.26M | 4.21M |
| Total | +66.45K | -$2.13M | ||||||
Derivative Transactions1
Stock Appreciation Right (Right to Buy)
Direct
Converts to
Class A Common Stock
160K shares
Shares
−160K
Strike price
12.85
Held after
0.00
Exercisable
—
6/10/2020
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Stock Appreciation Right (Right to Buy) Direct | Class A Common Stock160K shares | 6/10/2020 | M · Option Exercise | −160K | 12.85 | — | 0.00 |
Non-Derivative Holdings (Post-Transaction)2
Class A Common Stock
IndirectShares owned634.98K
Class A Common Stock
DirectShares owned156.21K
Total
156.21K direct·634.98K indirect791.19K
| Security Title | Shares Owned | Ownership Type |
|---|---|---|
| Class A Common Stock | 634.98K | Indirect |
| Class A Common Stock | 156.21K | Direct |
| Total | 791.19K | 156.21K direct·634.98K indirect |
Derivative Holdings (Post-Transaction)0
No derivative holdings reported