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 · 2 exercises

LOPKER PAMELA M

Filed: 6/10/2021ACC: 0001437749-21-014489

InsiderLOPKER PAMELA MCIK 1102753

→

IssuerQAD INCCIK 1036188

DirectorOfficer10% Owner· President

Since Dec 2018

-99.02K

Net shares

Net seller

$7.18M

Total sold

Open market trades

0B · 0S

Total transactions

190K acquired · 289.02K disposed

Non-Derivative Transactions6

Class A Common Stock

Direct

M · Option Exercise

+160K

Price / share

$11.81

Trade value

$1.89M

% of position

3.8%

6/8/2021

4.27M→4.43M

Class A Common Stock

Direct

D · Disposition

−24.63K

Price / share

$76.73

Trade value

$1.89M

% of position

0.6%

6/8/2021

4.43M→4.40M

Class A Common Stock

Direct

F · Tax Withholding

−58.85K

Price / share

$76.73

Trade value

$4.52M

% of position

1.3%

6/8/2021

4.40M→4.34M

Class B Common Stock

Direct

M · Option Exercise

+30K

Price / share

$10.50

Trade value

$315K

% of position

49.3%

6/8/2021

60.84K→90.84K

Class B Common Stock

Direct

D · Disposition

−6.32K

Price / share

$49.83

Trade value

$315.03K

% of position

7.0%

6/8/2021

90.84K→84.52K

Class B Common Stock

Direct

F · Tax Withholding

−9.22K

Price / share

$49.83

Trade value

$459.48K

% of position

10.9%

6/8/2021

84.52K→75.30K

Total

Net shares

+90.98K

Net value

-$4.97M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	6/8/2021	M · Option Exercise	+160K	$11.81	$1.89M	3.8%	4.27M	4.43M
Class A Common Stock Direct	6/8/2021	D · Disposition	−24.63K	$76.73	$1.89M	0.6%	4.43M	4.40M
Class A Common Stock Direct	6/8/2021	F · Tax Withholding	−58.85K	$76.73	$4.52M	1.3%	4.40M	4.34M
Class B Common Stock Direct	6/8/2021	M · Option Exercise	+30K	$10.50	$315K	49.3%	60.84K	90.84K
Class B Common Stock Direct	6/8/2021	D · Disposition	−6.32K	$49.83	$315.03K	7.0%	90.84K	84.52K
Class B Common Stock Direct	6/8/2021	F · Tax Withholding	−9.22K	$49.83	$459.48K	10.9%	84.52K	75.30K
Total			+90.98K		-$4.97M

Derivative Transactions2

Stock Appreciation Right (Right to Buy)

Direct

M · Option Exercise

Converts to

Class A Common Stock

160K shares

−160K

Strike price

11.81

Held after

0.00

Exercisable

—

6/8/2021

Stock Appreciation Right (Right to Buy)

Direct

M · Option Exercise

Converts to

Class B Common Stock

30K shares

−30K

Strike price

10.50

Held after

0.00

Exercisable

—

6/8/2021

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Appreciation Right (Right to Buy) Direct	Class A Common Stock160K shares	6/8/2021	M · Option Exercise	−160K	11.81	—	0.00
Stock Appreciation Right (Right to Buy) Direct	Class B Common Stock30K shares	6/8/2021	M · Option Exercise	−30K	10.50	—	0.00

Non-Derivative Holdings (Post-Transaction)4

Class A Common Stock

Indirect

Shares owned634.98K

Class B Common Stock

Direct

Shares owned2.36M

Class B Common Stock

Indirect

Shares owned108.87K

Class A Common Stock

Direct

Shares owned156.21K

Total

2.51M direct·743.85K indirect3.26M

Security Title	Shares Owned	Ownership Type
Class A Common Stock	634.98K	Indirect
Class B Common Stock	2.36M	Direct
Class B Common Stock	108.87K	Indirect
Class A Common Stock	156.21K	Direct
Total	3.26M	2.51M direct·743.85K indirect

Derivative Holdings (Post-Transaction)0

No derivative holdings reported