KENAN LUCAS - 01 Jun 2022 Form 4 Insider Report for Qumu Corp (QUMU)

Role
Director
Signature
/s/ Kenan Lucas
Issuer symbol
QUMU
Transactions as of
01 Jun 2022
Transactions value $
$0
Form type
4
Filing time
09 Jun 2022, 15:34:13 UTC
Previous filing
20 Dec 2021
Next filing
28 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QUMU Common Stock, $0.01 par value Options Exercise $0 +14,967 +34.7% $0.000000 58,066 01 Jun 2022 See footnote F1
holding QUMU Common Stock, $0.01 par value 1,695,785 01 Jun 2022 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 Options Exercise $0 -14,967 -100% $0.000000* 0 01 Jun 2022 Common Stock 14,967 See footnote F3, F4, F5, F8
transaction QUMU Restricted Stock Units Award $0 +25,000 $0.000000 25,000 02 Jun 2022 Common Stock 25,000 See footnote F3, F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The amount of securities beneficially owned following reported transactions (the "Reported Shares") includes shares of common stock received by Kenan Lucas in lieu of a portion of his annual board compensation. These shares were assigned to Harbert Fund Advisors, Inc. ("HFA"), and 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 vested on June 1, 2022, which was the first business day prior to the 2022 Annual Meeting of Shareholders.
F5 Kenan Lucas has elected not to defer the delivery of any shares in this grant. All shares not deferred will be paid within 90 days following June 1, 2022.
F6 The restricted stock units vest on the first business day prior to the 2023 Annual Meeting of Shareholders of the Issuer, provided that Kenan Lucas continues to provide services to Qumu as a director on that date, subject to certain exceptions.
F7 Kenan Lucas 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.
F8 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.