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QUANTUM CORP /DE/ — Director's Dealing 2011
Jun 7, 2011
34001_dirs_2011-06-07_6a2a4842-d2a8-4314-9dd8-aa20bca9c279.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: 2011-06-03
Reporting Person: BELLUZZO RICHARD (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-06-03 | Common Stock | M | 51752 | $0.98 | Acquired | 1005085 | Direct |
| 2011-06-03 | Common Stock | S | 51752 | $3.25 | Disposed | 953333 | Direct |
| 2011-06-03 | Common Stock | M | 150000 | $2.97 | Acquired | 1103333 | Direct |
| 2011-06-03 | Common Stock | S | 150000 | $3.30 | Disposed | 953333 | Direct |
| 2011-06-03 | Common Stock | M | 250000 | $2.15 | Acquired | 1203333 | Direct |
| 2011-06-03 | Common Stock | S | 200000 | $3.50 | Disposed | 1003333 | Direct |
| 2011-06-03 | Common Stock | S | 50000 | $3.504 | Disposed | 953333 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-06-03 | Non-Qualified Stock Options | $2.97 | M | 150000 | Disposed | 2012-09-03 | Common Stock (150000) | Direct |
| 2011-06-03 | Non-Qualified Stock Options | $0.98 | M | 51752 | Disposed | 2016-07-01 | Common Stock (51752) | Direct |
| 2011-06-03 | Non-Qualified Stock Options | $2.15 | M | 250000 | Disposed | 2013-07-31 | Common Stock (250000) | 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 November 24, 2010.
F3: The options are fully vested and immediately exercisable.
F4: The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $3.5 to $3.515 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.