QUALYS, INC. — Director's Dealing 2020

May 12, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALYS, INC. (QLYS)
CIK: 0001107843
Period of Report: 2020-05-11

Reporting Person: Thakar Sumedh S (Chief Product Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-11	Common Stock	M	1200	$19.26	Acquired	191099	Direct
2020-05-11	Common Stock	S	413	$103.8205	Disposed	190686	Direct
2020-05-11	Common Stock	S	1750	$104.8724	Disposed	188936	Direct
2020-05-11	Common Stock	S	1200	$106.3209	Disposed	187736	Direct
2020-05-11	Common Stock	S	856	$106.8303	Disposed	186880	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-11	Stock Option (right to buy)	$19.26	M	1200	Disposed	2024-05-02	Common Stock (1200)	Direct

Footnotes

F1: The sale transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 30, 2019.

F2: The sale price represents the weighted average price of the shares sold ranging from $103.42 to $104.37 per share. Upon request by the Commission staff, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

F3: The sale price represents the weighted average price of the shares sold ranging from $104.42 to $105.33 per share. Upon request by the Commission staff, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

F4: The sale price represents the weighted average price of the shares sold ranging from $105.62 to $106.61 per share. Upon request by the Commission staff, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

F5: The sale price represents the weighted average price of the shares sold ranging from $106.63 to $107.02 per share. Upon request by the Commission staff, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

F6: The option is fully vested and immediately exercisable.