PAMELA M. LOPKER - 08 Jun 2021 Form 4 Insider Report for QAD INC (QADA_QADB)

Signature
/s/ Mark Rasmussen, Attorney in Fact for Pamela M. Lopker
Issuer symbol
QADA_QADB
Transactions as of
08 Jun 2021
Net transactions value
-$4,974,791
Form type
4
Filing time
10 Jun 2021, 14:27:40 UTC
Previous filing
25 May 2021
Next filing
15 Jun 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QADA_QADB Class A Common Stock Options Exercise $1,889,600 +160,000 +3.8% $11.81* 4,425,896 08 Jun 2021 Direct
transaction QADA_QADB Class A Common Stock Disposed to Issuer $1,889,630 -24,627 -0.56% $76.73* 4,401,269 08 Jun 2021 Direct
transaction QADA_QADB Class A Common Stock Tax liability $4,515,254 -58,846 -1.3% $76.73* 4,342,423 08 Jun 2021 Direct
transaction QADA_QADB Class B Common Stock Options Exercise $315,000 +30,000 +49% $10.50* 90,840 08 Jun 2021 Direct
transaction QADA_QADB Class B Common Stock Disposed to Issuer $315,025 -6,322 -7% $49.83* 84,518 08 Jun 2021 Direct
transaction QADA_QADB Class B Common Stock Tax liability $459,482 -9,221 -11% $49.83* 75,297 08 Jun 2021 Direct
holding QADA_QADB Class A Common Stock 156,206 08 Jun 2021 Direct
holding QADA_QADB Class A Common Stock 634,982 08 Jun 2021 Estate of Karl F. Lopker
holding QADA_QADB Class B Common Stock 2,357,535 08 Jun 2021 Direct
holding QADA_QADB Class B Common Stock 108,868 08 Jun 2021 Estate of Karl F. Lopker

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 Stock Appreciation Right (Right to Buy) Options Exercise $0 -160,000 -100% $0.000000* 0 08 Jun 2021 Class A Common Stock 160,000 $11.81 Direct
transaction QADA_QADB Stock Appreciation Right (Right to Buy) Options Exercise $0 -30,000 -100% $0.000000* 0 08 Jun 2021 Class B Common Stock 30,000 $10.50 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.