DANIEL LENDER - 21 May 2021 Form 4 Insider Report for QAD INC (QADA_QADB)

Role
EVP & CFO
Signature
/s/ Mark Rasmussen, Attorney in Fact for Daniel Lender
Issuer symbol
QADA_QADB
Transactions as of
21 May 2021
Transactions value $
$0
Form type
4
Filing time
25 May 2021, 15:05:32 UTC
Next filing
15 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QADA_QADB Class A Common Stock Award $0 +12.5K +8.13% $0.00 166K 21 May 2021 Direct F1, 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 QADA_QADB Performance Stock Units Award $0 +12.5K $0.00 12.5K 21 May 2021 Class A Common Stock 12.5K $0.00 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of restricted stock units ("RSUs") that are common stock equivalents and may be settled solely in shares of the issuer's Class A Common Stock.
F2 RSUs vest one-quarter per year on the anniversary date of the grant over four years.
F3 Represents a grant of performance stock units ("PSUs") to acquire the issuer's Class A common stock. The PSUs vest one-third per year on the anniversary date of the grant over three years, subject to the satisfaction of a two-factor performance-related milestone. The number of shares reflected is the target number of shares which may be acquired in the aggregate by the reporting person. The actual number of shares that may ultimately be delivered ranges from zero to 25,000.
F4 See footnote 3. PSUs have no exercise date.
F5 Not applicable.