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QUANTUM CORP /DE/ Director's Dealing 2010

Jul 1, 2010

34001_dirs_2010-07-01_27a06d0b-2375-41f1-9e3f-5ea71d04c5fd.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUANTUM CORP /DE/ (QTM)
CIK: 0000709283
Period of Report: 2010-07-01

Reporting Person: BELLUZZO RICHARD (Chief Executive Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-07-01 Common Stock M 80000 Acquired 809945 Direct
2010-07-01 Common Stock F 29344 $1.86 Disposed 780601 Direct
2010-07-01 Common Stock A 550000 Acquired 1330601 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-07-01 Restricted Stock Units $ M 80000 Disposed 2010-07-01 Common Stock (80000) Direct

Footnotes

F1: Reflects the partial vesting of Restricted Stock Units (RSUs) granted on 6/30/2007. The vested RSUs converted to shares of Common Stock on a 1-for-1 basis.

F2: Surrender of shares to satisfy tax withholding obligations upon vesting of RSUs granted on 06/30/2007.

F3: RSUs will vest in equal installments on 07/01/2011, 07/01/2012 and 07/01/2013.