Filing Details

Accession Number:
0001235802-18-000139
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-08-27 17:04:29
Reporting Period:
2018-08-23
Accepted Time:
2018-08-27 17:04:29
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1117297 Quinstreet Inc QNST Services-Business Services, Nec (7389) 770512121
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1476267 R. James Simons 950 Tower Lane, 6Th Floor
Foster City CA 94404
Yes No No 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 Disposition 2018-08-23 4,597 $15.46 27,009 No 4 S Direct
Common Stock Disposition 2018-08-23 5,044 $15.46 15,266 No 4 S Indirect SPVC Affiliates Fund
Common Stock Disposition 2018-08-23 234,087 $15.46 668,101 No 4 S Indirect SPVC V, LLC
Common Stock Disposition 2018-08-24 5,233 $16.12 21,776 No 4 S Direct
Common Stock Disposition 2018-08-24 5,741 $16.12 9,525 No 4 S Indirect SPVC Affiliates Fund
Common Stock Disposition 2018-08-24 266,465 $16.12 401,636 No 4 S Indirect SPVC V, LLC
Common Stock Disposition 2018-08-27 1,586 $16.04 20,190 No 4 S Direct
Common Stock Disposition 2018-08-27 1,740 $16.04 7,785 No 4 S Indirect SPVC Affiliates Fund
Common Stock Disposition 2018-08-27 80,774 $16.04 320,862 No 4 S Indirect SPVC V, LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Indirect SPVC Affiliates Fund
No 4 S Indirect SPVC V, LLC
No 4 S Direct
No 4 S Indirect SPVC Affiliates Fund
No 4 S Indirect SPVC V, LLC
No 4 S Direct
No 4 S Indirect SPVC Affiliates Fund
No 4 S Indirect SPVC V, LLC
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 34,841 Indirect By Trust
Footnotes
  1. These shares were sold under a pre-arranged sales instruction pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.82, inclusive. The reporting person undertakes to provide to Quinstreet, Inc., any security holder of Quinstreet, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (2) to this Form 4.
  3. Includes 13,888 shares of common stock that are issuable pursuant to a Restricted Stock Unit (RSU) award. The vesting commencement date of the RSU award is November 10, 2017 and it vests daily over one year.
  4. Pursuant to a letter agreement with SPVC V, LLC, the reporting person holds this security for the sole benefit of SPVC V, LLC.
  5. Represents securities held directly by SPVC Affiliates Fund I, LLC, which is jointly managed by Split Rock Partners, LLC and Vesbridge Partners, LLC. Voting and investment power over the shares, however, has been delegated solely to Split Rock Partners, LLC. Split Rock Partners, LLC has delegated voting and investment decisions with respect to the shares to three individuals (one of whom is the reporting person) who require a two-thirds vote to act. The reporting person disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
  6. Represents securities held directly by SPVC V, LLC, which is jointly managed by Split Rock Partners, LLC and Vesbridge Partners, LLC. Voting and investment power over the shares, however, has been delegated solely to Split Rock Partners, LLC. Split Rock Partners, LLC has delegated voting and investment decisions with respect to the shares to three individuals (one of whom is the reporting person) who require a two-thirds vote to act. The reporting person disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
  7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.75 to $16.42, inclusive. The reporting person undertakes to provide to Quinstreet, Inc., any security holder of Quinstreet, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (7) to this Form 4.
  8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.84 to $16.33, inclusive. The reporting person undertakes to provide to Quinstreet, Inc., any security holder of Quinstreet, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (8) to this Form 4.
  9. Represents securities held directly by the James Rexroad Simons Trust, which the reporting person is the trustee. The reporting person disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.