Kara Bellamy - 11 Jun 2021 Form 4 Insider Report for QAD INC (QADA_QADB)

Role
SVP/Chief Accounting Officer
Signature
/s/ Mark Rasmussen, Attorney in Fact for Kara Bellamy
Issuer symbol
QADA_QADB
Transactions as of
11 Jun 2021
Net transactions value
-$135,327
Form type
4
Filing time
15 Jun 2021, 13:57:21 UTC
Previous filing
25 May 2021
Next filing
24 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 Options Exercise $0 +1,520 +9.3% $0.000000 17,841 11 Jun 2021 Direct
transaction QADA_QADB Class A Common Stock Tax liability $41,475 -525 -2.9% $79.00* 17,316 11 Jun 2021 Direct
transaction QADA_QADB Class A Common Stock Tax liability $34,128 -432 -2.5% $79.00* 16,884 11 Jun 2021 Direct
transaction QADA_QADB Class A Common Stock Tax liability $25,596 -324 -1.9% $79.00* 16,560 11 Jun 2021 Direct
transaction QADA_QADB Class A Common Stock Tax liability $34,128 -432 -2.6% $79.00* 16,128 13 Jun 2021 Direct

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 ("PSUs") Options Exercise $0 -1,520 -55% $0.000000 1,250 11 Jun 2021 Class A Common Stock 1,520 $0.000000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 PSUs have no exercise date.
F2 Not applicable.
F3 The number of PSUs owned following the transaction reported herein is a target number only.