KENAN LUCAS - 07 Feb 2023 Form 4 Insider Report for Qumu Corp (QUMU)

Role
Director
Signature
/s/ Kenan Lucas
Issuer symbol
QUMU
Transactions as of
07 Feb 2023
Net transactions value
-$1,616,584
Form type
4
Filing time
10 Feb 2023, 17:05:28 UTC
Previous filing
28 Oct 2022
Next filing
22 Jul 2024
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 Disposition pursuant to a tender of shares in a change of control transaction $52,259 -58,066 -100% $0.9000 0 07 Feb 2023 See footnote F1
transaction QUMU Common Stock, $0.01 par value Disposition pursuant to a tender of shares in a change of control transaction $1,526,206 -1,695,785 -100% $0.9000 0 07 Feb 2023 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 Disposed to Issuer $22,500 -25,000 -100% $0.9000 0 08 Feb 2023 Common Stock, $0.01 par value 25,000 See footnote F3, F4, F5
transaction QUMU Restricted Stock Units Disposed to Issuer $15,618 -17,353 -100% $0.9000 0 08 Feb 2023 Common Stock, $0.01 par value 17,353 See footnote F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

KENAN LUCAS is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 These shares were received by Kenan Lucas in lieu of a portion of his annual board compensation, were assigned to Harbert Fund Advisors, Inc. ("HFA"), and were held in an affiliated brokerage account for the benefit of the investors of Harbert Discovery Fund, LP (the "Fund").
F2 These shares were 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 were converted into the right to receive an amount in cash equal to $0.9 multiplied by the aggregate number of shares of common stock subject to such restricted stock award or RSU award. The foregoing description does purport to be complete and is subject to and qualified in its entirety by reference to the Issuer's SC 14D9 filed on January 6, 2023, which is incorporated herein by reference.
F5 The restricted stock units were held for the benefit of the investors of the Fund.