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QUANTUM CORP /DE/ — Director's Dealing 2011
Jul 5, 2011
34001_dirs_2011-07-05_3b384fb3-d608-4830-a92b-77ab41ddc8c4.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: 2011-07-01
Reporting Person: HALL SHAWN D (Senior VP, GC & Secretary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-07-01 | Common Stock | M | 100000 | $0.98 | Acquired | 261526 | Direct |
| 2011-07-01 | Common Stock | S | 100000 | $3.2767 | Disposed | 161526 | Direct |
| 2011-07-01 | Common Stock | S | 82029 | $3.2967 | Disposed | 79497 | Direct |
| 2011-07-01 | Common Stock | A | 110000 | — | Acquired | 189497 | Direct |
| 2011-07-01 | Common Stock | F | 8559 | $3.37 | Disposed | 180938 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-07-01 | Non-Qualified Stock Options | $0.98 | M | 100000 | Disposed | 2016-07-01 | Common Stock (100000) | Direct |
Footnotes
F1: Reflects the exercise of the stock options listed in Table II of this Form 4.
F2: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 3, 2010.
F3: Surrender of shares to satisfy tax withholding obligations upon vesting of restricted stock units granted on 7/1/2010.
F4: The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $3.25 to $3.32 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.
F5: The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $3.26 to $3.33 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.
F6: The options are fully vested and immediately exercisable.
F7: RSUs will vest in equal installments on 07/01/2012, 07/01/2013 and on 07/01/2014.