KENAN LUCAS - 06 May 2021 Form 4 Insider Report for Qumu Corp (QUMU)

Role
Director
Signature
/s/ Kenan Lucas
Issuer symbol
QUMU
Transactions as of
06 May 2021
Transactions value $
$0
Form type
4
Filing time
10 May 2021, 19:34:51 UTC
Next filing
13 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding QUMU Common Stock, $0.01 par value 43,099 06 May 2021 See footnote F1
holding QUMU Common Stock, $0.01 par value 1,367,522 06 May 2021 See footnote F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction QUMU Restricted Stock Units Award $0 +14,967 $0.000000 14,967 06 May 2021 Common Stock 14,967 See footnote F3, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are held in an affiliated brokerage account for the benefit of the investors of Harbert Discovery Fund, LP (the "Fund").
F2 These shares are held by the Fund. Mr. Lucas may be deemed to beneficially own these shares through his role as the managing director and portfolio manager of the Fund's general partner.
F3 Each restricted stock unit represents the contingent right to receive one share of Qumu common stock.
F4 The restricted stock units vest on the first business day prior to the 2022 Annual Meeting of Shareholders, provided the Reporting Person continues to provide services to Qumu as a director on that date, subject to certain exceptions.
F5 The Reporting Person has elected not to defer the delivery of any shares in this grant. All shares not deferred will be paid within 90 days following the date the restricted stock unit's first vest.
F6 The restricted stock units are held for the benefit of the investors of the Fund.

Remarks:

The Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.