Filing Details

Accession Number:
0001235802-18-000158
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-11-02 16:51:33
Reporting Period:
2018-10-31
Accepted Time:
2018-11-02 16:51:33
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 Acquisiton 2018-10-31 21,780 $11.26 43,401 No 4 M Direct
Common Stock Disposition 2018-10-31 21,780 $15.17 21,621 No 4 S Direct
Common Stock Acquisiton 2018-11-02 25,000 $6.90 46,621 No 4 M Direct
Common Stock Acquisiton 2018-11-02 25,000 $9.24 71,621 No 4 M Direct
Common Stock Acquisiton 2018-11-02 25,000 $4.31 96,621 No 4 M Direct
Common Stock Acquisiton 2018-11-02 25,000 $5.80 121,621 No 4 M Direct
Common Stock Disposition 2018-11-02 100,000 $17.07 21,621 No 4 S Direct
Common Stock Disposition 2018-11-02 872 $17.07 0 No 4 S Indirect SPVC Affiliates Fund
Common Stock Disposition 2018-11-02 18 $17.07 0 No 4 S Indirect SPVC V, LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 M Direct
No 4 M Direct
No 4 M Direct
No 4 S Direct
No 4 S Indirect SPVC Affiliates Fund
No 4 S Indirect SPVC V, LLC
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Nonstatutory Stock Option (right to buy) Disposition 2018-10-31 21,780 $0.00 21,780 $11.26
Common Stock Nonstatutory Stock Option (right to buy) Disposition 2018-11-02 25,000 $0.00 25,000 $6.90
Common Stock Nonstatutory Stock Option (right to buy) Disposition 2018-11-02 25,000 $0.00 25,000 $9.24
Common Stock Nonstatutory Stock Option (right to buy) Disposition 2018-11-02 25,000 $0.00 25,000 $4.31
Common Stock Nonstatutory Stock Option (right to buy) Disposition 2018-11-02 25,000 $0.00 25,000 $5.80
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2018-11-02 No 4 M Direct
0 2019-10-25 No 4 M Direct
0 2020-10-27 No 4 M Direct
0 2021-10-28 No 4 M Direct
0 2022-10-25 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 34,841 Indirect By Trust
Footnotes
  1. Represents an option that was exercised and the purchased shares were sold by the reporting person, for the sole benefit of SPVC V, LLC pursuant to the letter agreement with SPVC V, LLC, under a pre-arranged sales plan pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.
  2. Includes 7,733 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, 2018 and it vests daily over one year. These shares are beneficially owned by the reporting person and are not subject to the letter agreement with SPVC V, LLC where the reporting person holds securities for the sole benefit of SPVC V, LLC.
  3. Includes 13,888 shares of common stock that are issuable pursuant to a RSU award. The vesting commencement date of the RSU award is November 10, 2017 and it vests daily over one year. This RSU award is held by the reporting person for the sole benefit of SPVC V, LLC pursuant to a letter agreement with SPVC V, LLC.
  4. 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 $15.47, 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 (4) to this Form 4.
  5. Represents an option that was exercised and the purchased shares were sold by the reporting person for the sole benefit of SPVC V, LLC pursuant to the letter agreement with SPVC V, LLC.
  6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.77 to $17.45, 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 (6) to this Form 4.
  7. 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.
  8. 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.
  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.
  10. This option is fully vested and exercisable.