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QUANTUM CORP /DE/ — Director's Dealing 2011
Jun 16, 2011
34001_dirs_2011-06-16_91b66b0d-802a-41ea-a50c-66d322e2c6f8.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: QUANTUM CORP /DE/ (QTM)
CIK: 0000709283
Period of Report: 2011-06-13
Reporting Person: Stinson Theodore A. (SVP, Worldwide Sales)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 425000 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Non-Qualified Stock Option | $2.95 | 2018-06-13 | Common Stock (125000) | Direct |
Footnotes
F1: Restricted Stock Units will vest over three years as follows: 33% will vest on each of 6/13/2012, 6/13/2013 and 6/13/2014.
F2: Right to buy under Rule 16b(3) Plan.
F3: Stock options will vest over four years as follows: 25% will vest on 6/13/2012 and the remainder will vest monthly thereafter at the rate of 1/48 of the original grant amount over the following three years.
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