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Filing Details

Accession Number:: 0000919574-21-005215
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-08-13 18:56:11
Reporting Period:: 2021-08-11

Accepted Time:: 2021-08-13 18:56:11
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
892482	Qumu Corp	QUMU	Services-Prepackaged Software (7372)	411577970

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1259933	Harbert Management Corp	2100 Third Avenue North, Suite 600 Birmingham AL 35203	Yes	No	No	No
1616659	Harbert Fund Advisors, Inc.	2100 Third Avenue North, Suite 600 Birmingham AL 35203	Yes	No	No	No
1642389	Kenan Lucas	2100 Third Avenue North, Suite 600 Birmingham AL 35203	Yes	No	No	No
1642538	Harbert Discovery Fund Gp, Llc	2100 Third Avenue North, Suite 600 Birmingham AL 35203	Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, $0.01 Par Value	Acquisiton	2021-08-11	175,000	$2.44	1,585,621	No	4	P	Indirect	See footnote
Common Stock, $0.01 Par Value	Acquisiton	2021-08-12	65,378	$2.50	1,650,999	No	4	P	Indirect	See footnote
Common Stock, $0.01 Par Value	Acquisiton	2021-08-13	87,885	$2.48	1,738,884	No	4	P	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See footnote
No	4	P	Indirect	See footnote
No	4	P	Indirect	See footnote

Footnotes

The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices within the range from $2.36 to $2.4801 per share, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price.
The amount of securities beneficially owned following reported transactions (the "Reported Shares") includes 43,099 shares of common stock received by Kenan Lucas in lieu of a portion of his annual board compensation. These 43,099 shares were assigned to Harbert Fund Advisors, Inc. ("HFA"), and are held in an affiliated brokerage account for the benefit of the investors of Harbert Discovery Fund, LP (the "Fund").
The Reported Shares (other than the 43,099 shares referenced in footnote (2)) are held in the account of the Fund and may be deemed to be beneficially owned by (i) Harbert Discovery Fund GP, LLC (the "Fund GP"), the general partner of the Fund, (ii) HFA, the investment adviser to the Fund, (iii) Harbert Management Corporation ("HMC"), the managing member of the Fund GP and (iv) Kenan Lucas, the managing director and portfolio manager of the Fund GP and a director of the Issuer.
The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices within the range from $2.43 to $2.55 per share, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price.
The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices within the range from $2.41 to $2.54 per share, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price.