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Qad Inc (QADA, QADB)

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Insider Trading: Sales

Insider	Price	Amount	Total Value	Remaining Holdings	Date	Form 4
Lopker Large Shareholder, Officer, Director	$11.11	2,000	$22,220.00	175,425	2011-11-29	Filing
Lopker Large Shareholder, Officer, Director	$11.36	5,500	$62,480.00	175,425	2011-11-28	Filing
Lopker Large Shareholder, Officer, Director	$10.82	4,152	$44,924.64	175,425	2011-04-19	Filing
Lopker Large Shareholder, Officer, Director	$10.90	3,348	$36,493.20	175,425	2011-04-18	Filing
Lopker Large Shareholder, Officer, Director	$11.11	2,000	$22,220.00	175,425	2011-11-29	Filing
Lopker Large Shareholder, Officer, Director	$11.36	5,500	$62,480.00	175,425	2011-11-28	Filing
Lopker Large Shareholder, Officer, Director	$10.82	4,152	$44,924.64	175,425	2011-04-19	Filing
Lopker Large Shareholder, Officer, Director	$10.90	3,348	$36,493.20	175,425	2011-04-18	Filing
Roberts Director	$11.04	4,300	$47,472.00	9,750	2011-12-02	Filing
Roberts Director	$10.87	784	$8,522.08	2,368	2011-12-01	Filing
Roberts Director	$11.08	2,700	$29,916.00	14,050	2011-12-01	Filing
Van Director	$11.09	800	$8,872.00	1,221	2011-11-30	Filing
Van Director	$11.06	3,200	$35,394.56	8,999	2011-11-30	Filing
Van Director	$10.14	1,200	$12,168.00	2,021	2011-03-21	Filing
Van Director	$10.04	4,800	$48,192.00	8,134	2011-03-21	Filing
Van Director	$10.18	425	$4,326.50	3,221	2011-01-05	Filing
Van Director	$10.18	350	$3,563.00	3,646	2011-01-04	Filing
Van Director	$8.95	3,102	$27,762.90	12,884	2011-01-04	Filing
Van Director	$4.12	9,200	$37,885.60	39,707	2010-09-29	Filing
Van Director	$4.13	5,800	$23,944.14	39,707	2010-09-28	Filing