Filing Details

Accession Number:
0001437749-16-035527
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-07-22 13:40:30
Reporting Period:
2016-07-21
Filing Date:
2016-07-22
Accepted Time:
2016-07-22 13:40:30
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1036188 Qad Inc QADA, QADB Services-Prepackaged Software (7372) 770105228
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1102753 M Pamela Lopker 100 Innovation Place
Santa Barbara CA 93108
President Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock ($0.001 Par Value) Disposition 2016-07-21 208,240 $0.00 5,142,595 No 4 S Direct
Class B Common Stock ($0.001 Par Value) Acquisiton 2016-07-21 245,765 $0.00 2,236,535 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock ($0.001 Par Value) 103,511 Direct
Class B Common Stock ($0.001 Par Value) 30,193 Direct
Class A Common Stock ($0.001 Par Value) 514,140 Indirect Lopker Family Foundation
Class B Common Stock ($0.001 Par Value) 19,828 Indirect Lopker Family Foundation
Class A Common Stock ($0.001 Par Value) 5,084 Indirect Lopker Family 1997 Charitable Remainder Trust
Class B Common Stock ($0.001 Par Value) 1,247 Indirect Lopker Family 1997 Charitable Remainder Trust
Class A Common Stock ($0.001 Par Value) 103,860 Indirect By spouse
Class B Common Stock ($0.001 Par Value) 30,441 Indirect By spouse
Footnotes
  1. The transactions reported in this statement are with respect to different classes of securities and, therefore, are not matchable transactions for purposes of Section 16(b) of the Securities Exchange Act of 1934, as amended (the "ACT"). See Gibbons v Malone, 801 F.Supp 2d 243 (S.D.N.Y. 2011), aff'd, 703 F.3d 595 (2d Cir. 2013).
  2. Pursuant to certain share exchange agreements dated July 20, 2016 (the "Exchange Agreements") by and between Pamela M. Lopker and Karl F. Lopker, as Trustees of the Lopker Living Trust dated November 18, 2013 (the "Lopker Trust"), and certain shareholders of QAD Inc. (the "Issuer") who are managed by a common advisor, such shareholders agreed to transfer, in the aggregate, 245,765 shares of Class B Common Stock of the Issuer, par value $0.001 per share ("Class B Shares"), to the Lopker Trust, and the Lopker Trust agreed to transfer, in the aggregate, 208,240 shares of Class A Common Stock of the Issuer, par value $0.001 per share ("Class A Shares"), to such shareholders. The transfer of Class B Shares in exchange for the transfer of Class A Shares closed on July 21, 2016, which were arms-length transactions for in-kind rather than cash consideration and, accordingly, do not have a per-share price.
  3. This exchange is being reported on a Form 4 for both Karl F. Lopker and Pamela M. Lopker, who act as joint trustees of the Lopker Living Trust.