Filing Details
- Accession Number:
- 0001140361-11-009701
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2011-02-15 11:28:53
- Reporting Period:
- 2010-12-15
- Filing Date:
- 2011-02-15
- Accepted Time:
- 2011-02-15 11:28:53
- 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock ($0.001 Par Value) | Disposition | 2010-12-15 | 17,303,070 | $0.00 | 0 | No | 5 | J | Indirect | Lopker Living Trust |
| Class B Common Stock ($0.001 Par Value) | Acquisiton | 2010-12-15 | 1,730,307 | $0.00 | 1,730,307 | No | 5 | J | Indirect | Lopker Living Trust |
| Class A Common Stock ($0.001 Par Value) | Acquisiton | 2010-12-15 | 6,921,228 | $0.00 | 6,921,228 | No | 5 | J | Indirect | Lopker Living Trust |
| Common Stock ($0.001 Par Value) | Disposition | 2010-12-15 | 383,700 | $0.00 | 0 | No | 5 | J | Indirect | Bo Lopker Trust |
| Class B Common Stock ($0.001 Par Value) | Acquisiton | 2010-12-15 | 38,370 | $0.00 | 38,370 | No | 5 | J | Indirect | Bo Lopker Trust |
| Class A Common Stock ($0.001 Par Value) | Acquisiton | 2010-12-15 | 153,480 | $0.00 | 153,480 | No | 5 | J | Indirect | Bo Lopker Trust |
| Common Stock ($0.001 Par Value) | Disposition | 2010-12-15 | 394,641 | $0.00 | 0 | No | 5 | J | Indirect | Juliana Lopker Trust |
| Class B Common Stock ($0.001 Par Value) | Acquisiton | 2010-12-15 | 39,464 | $0.00 | 39,464 | No | 5 | J | Indirect | Juliana Lopker Trust |
| Class A Common Stock ($0.001 Par Value) | Acquisiton | 2010-12-15 | 157,856 | $0.00 | 157,856 | No | 5 | J | Indirect | Juliana Lopker Trust |
| Common Stock ($0.001 Par Value) | Disposition | 2010-12-15 | 12,473 | $0.00 | 0 | No | 5 | J | Indirect | Lopker Family 1997 Charitable Remainder Trust |
| Class B Common Stock ($0.001 Par Value) | Acquisiton | 2010-12-15 | 1,247 | $0.00 | 1,247 | No | 5 | J | Indirect | Lopker Family 1997 Charitable Remainder Trust |
| Class A Common Stock ($0.001 Par Value) | Acquisiton | 2010-12-15 | 4,988 | $0.00 | 4,988 | No | 5 | P | Indirect | Lopker Family 1997 Charitable Remainder Trust |
| Common Stock ($0.001 Par Value) | Disposition | 2010-12-15 | 198,281 | $0.00 | 0 | No | 5 | J | Indirect | Lopker Family Foundation |
| Class B Common Stock ($0.001 Par Value) | Acquisiton | 2010-12-15 | 19,828 | $0.00 | 19,828 | No | 5 | J | Indirect | Lopker Family Foundation |
| Class A Common Stock ($0.001 Par Value) | Acquisiton | 2010-12-15 | 79,312 | $0.00 | 79,312 | No | 5 | P | Indirect | Lopker Family Foundation |
| Common Stock ($0.001 Par Value) | Disposition | 2010-12-15 | 274,862 | $0.00 | 0 | No | 5 | J | Direct | |
| Class B Common Stock ($0.001 Par Value) | Acquisiton | 2010-12-15 | 27,486 | $0.00 | 27,486 | No | 5 | J | Direct | |
| Class A Common Stock ($0.001 Par Value) | Acquisiton | 2010-12-15 | 109,944 | $0.00 | 109,944 | No | 5 | J | Direct | |
| Common Stock ($0.001 Par Value) | Disposition | 2010-12-15 | 10,286 | $0.00 | 0 | No | 5 | J | Indirect | IRA |
| Class B Common Stock ($0.001 Par Value) | Acquisiton | 2010-12-15 | 1,028 | $0.00 | 1,028 | No | 5 | J | Indirect | IRA |
| Class A Common Stock ($0.001 Par Value) | Acquisiton | 2010-12-15 | 4,114 | $0.00 | 4,114 | No | 5 | J | Indirect | IRA |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 5 | J | Indirect | Lopker Living Trust |
| No | 5 | J | Indirect | Lopker Living Trust |
| No | 5 | J | Indirect | Lopker Living Trust |
| No | 5 | J | Indirect | Bo Lopker Trust |
| No | 5 | J | Indirect | Bo Lopker Trust |
| No | 5 | J | Indirect | Bo Lopker Trust |
| No | 5 | J | Indirect | Juliana Lopker Trust |
| No | 5 | J | Indirect | Juliana Lopker Trust |
| No | 5 | J | Indirect | Juliana Lopker Trust |
| No | 5 | J | Indirect | Lopker Family 1997 Charitable Remainder Trust |
| No | 5 | J | Indirect | Lopker Family 1997 Charitable Remainder Trust |
| No | 5 | P | Indirect | Lopker Family 1997 Charitable Remainder Trust |
| No | 5 | J | Indirect | Lopker Family Foundation |
| No | 5 | J | Indirect | Lopker Family Foundation |
| No | 5 | P | Indirect | Lopker Family Foundation |
| No | 5 | J | Direct | |
| No | 5 | J | Direct | |
| No | 5 | J | Direct | |
| No | 5 | J | Indirect | IRA |
| No | 5 | J | Indirect | IRA |
| No | 5 | J | Indirect | IRA |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2010-12-15 | 150,000 | $0.00 | 150,000 | $12.32 |
| Class B Common Stock | Non-Qualified Stock Option (right to buy) | Acquisiton | 2010-12-15 | 15,000 | $0.00 | 15,000 | $24.64 |
| Class A Common Stock | Non-Qualified Stock Option (right to buy) | Acquisiton | 2010-12-15 | 60,000 | $0.00 | 60,000 | $24.64 |
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2010-12-15 | 150,000 | $0.00 | 150,000 | $7.69 |
| Class B Common Stock | Non-Qualified Stock Option (right to buy) | Acquisiton | 2010-12-15 | 15,000 | $0.00 | 15,000 | $15.38 |
| Class A Common Stock | Non-Qualified Stock Option (right to buy) | Acquisiton | 2010-12-15 | 60,000 | $0.00 | 60,000 | $15.38 |
| Common Stock | Stock Appreciation Right (right to buy) | Disposition | 2010-12-15 | 150,000 | $0.00 | 150,000 | $7.37 |
| Class B Common Stock | Stock Appreciation Right (right to buy) | Acquisiton | 2010-12-15 | 15,000 | $0.00 | 15,000 | $14.74 |
| Class A Common Stock | Stock Appreciation Right (right to buy) | Acquisiton | 2010-12-15 | 60,000 | $0.00 | 60,000 | $14.74 |
| Common Stock | Stock Appreciation Right (right to buy) | Disposition | 2010-12-15 | 300,000 | $0.00 | 300,000 | $4.48 |
| Class B Common Stock | Stock Appreciation Right (right to buy) | Acquisiton | 2010-12-15 | 30,000 | $0.00 | 30,000 | $8.96 |
| Class A Common Stock | Stock Appreciation Right (right to buy) | Acquisiton | 2010-12-15 | 120,000 | $0.00 | 120,000 | $8.96 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2005-03-11 | 2012-03-11 | No | 4 | D | Direct |
| 15,000 | 2005-03-11 | 2012-03-11 | No | 4 | A | Direct |
| 60,000 | 2005-03-11 | 2012-03-11 | No | 4 | A | Direct |
| 0 | 2006-06-21 | 2013-06-21 | No | 4 | D | Direct |
| 15,000 | 2006-06-21 | 2013-06-21 | No | 4 | A | Direct |
| 60,000 | 2006-06-21 | 2013-06-21 | No | 4 | A | Direct |
| 0 | 2007-09-06 | 2014-09-06 | No | 4 | D | Direct |
| 15,000 | 2007-09-06 | 2014-09-06 | No | 4 | A | Direct |
| 60,000 | 2007-09-06 | 2014-09-06 | No | 4 | A | Direct |
| 0 | 2011-06-01 | 2018-06-01 | No | 4 | D | Direct |
| 30,000 | 2011-06-01 | 2018-06-01 | No | 4 | A | Direct |
| 120,000 | 2011-06-01 | 2018-06-01 | No | 4 | A | Direct |
Footnotes
- Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock ($0.001 par value) was reclassified into 0.1 of a share of Class B Common Stock ($0.001 par value) (the "Reclassification").
- QAD declared a dividend of four shares of Class A Common Stock ($0.001 par value) for each share of Class B Common Stock outstanding as of December 15, 2010 (the "Dividend") which is exempt from the reporting requirements of Section 16 pursuant to Rule 16a-9(a).
- As a result of the Reclassification and the Dividend (i) each QAD Non-Qualified Stock Option and each Stock Appreciation Right ("SAR") outstanding on December 15, 2010 was automatically converted into two separate options or SARs, one with respect to a number of shares of Class B Common Stock equal to 0.1 times the nbumber of existing Common Stock subject to such option or SAR, and one with respect to a number of shares of Class A Common Stock equal to 4.0 times the number of shares of Class B Common Stock subject to such new option or SAR, and (ii) the applicable exercise price per share of each option or SAR shall be twice the exercise price for the existing Common Stock. Amendment of outstanding options or SARs is deemed cancellation of existing option or SAR and grant of replacement option or SAR.
- The option was originally granted on March 11, 2004 and provides for vesting in four equal annual installments commencing on March 11, 2005.
- The option was originally granted on June 21, 2005 and provides for vesting in four equal annual installments commencing on June 21, 2006.
- The SAR was originally granted on September 6, 2006 and provides for vesting in four equal annual installments commencing on September 6, 2007.
- The SAR was originally granted on June 1, 2010 and provides for vesting in four equal annual installments commencing on June 1, 2011.
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