Form Type: 4

SEC EDGAR Link
Accession Number:0001567619-22-011640
Date:2022-05-20
Issuer: QUOTIENT TECHNOLOGY INC. (QUOT)
Original Submission Date:

Reporting Person:

BOAL STEVEN R.
C/O QUOTIENT TECHNOLOGY INC.
1260 EAST STRINGHAM AVENUE, SUITE 600 SALT LAKE CITY, UT 84106

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
STOCK OPTION (RIGHT TO BUY) 8.51 2022-05-20 deemed execution date D 47,000 (d) 2026-02-16 common stock 47,000 $8.51 0 direct
EMPLOYEE STOCK OPTION (RIGHT TO BUY) 8.65 2022-05-20 deemed execution date D 600,000 (d) 2023-11-13 common stock 600,000 $8.65 0 direct
STOCK OPTION (RIGHT TO BUY) 8.95 2022-05-20 deemed execution date D 469,461 (d) 2030-03-01 common stock 469,461 $8.95 0 direct
STOCK OPTION (RIGHT TO BUY) 9.96 2022-05-20 deemed execution date D 299,529 (d) 2029-03-01 common stock 299,529 $9.96 0 direct
STOCK OPTION (RIGHT TO BUY) 13.0 2022-05-20 deemed execution date D 300,000 (d) 2027-02-13 common stock 300,000 $13.00 0 direct
STOCK OPTION (RIGHT TO BUY) 13.1 2022-05-20 deemed execution date D 261,000 (d) 2028-03-01 common stock 261,000 $13.10 0 direct
EMPLOYEE STOCK OPTION (RIGHT TO BUY) 25.0 2022-05-20 deemed execution date D 800,000 (d) 2023-11-13 common stock 800,000 $25.00 0 direct
STOCK OPTION (RIGHT TO BUY) 4.19 2022-05-20 deemed execution date A 47,000 (a) 2026-02-16 common stock 47,000 $4.19 47,000 direct
EMPLOYEE STOCK OPTION (RIGHT TO BUY) 4.19 2022-05-20 deemed execution date A 600,000 (a) common stock 600,000 $4.19 600,000 direct
STOCK OPTION (RIGHT TO BUY) 4.19 2022-05-20 deemed execution date A 469,461 (a) 2030-03-01 common stock 469,461 $4.19 469,461 direct
STOCK OPTION (RIGHT TO BUY) 4.19 2022-05-20 deemed execution date A 299,529 (a) 2029-03-01 common stock 299,529 $4.19 299,529 direct
STOCK OPTION (RIGHT TO BUY) 4.19 2022-05-20 deemed execution date A 300,000 (a) 2027-02-13 common stock 300,000 $4.19 300,000 direct
STOCK OPTION (RIGHT TO BUY) 4.19 2022-05-20 deemed execution date A 261,000 (a) 2028-03-01 common stock 261,000 $4.19 261,000 direct
EMPLOYEE STOCK OPTION (RIGHT TO BUY) 4.19 2022-05-20 deemed execution date A 800,000 (a) common stock 800,000 $4.19 800,000 direct
Footnotes
IDfootnote
f1 1. these options were amended pursuant to the separation agreement and release between the reporting person and the issuer, dated may 16, 2022 (the "separation agreement"), a copy of which will be filed as an exhibit to the issuer's quarterly report on form 10-q for the fiscal quarter ending june 30, 2022. pursuant to the terms of the separation agreement, the exercise price of each option was reduced to the closing price of the issuer's common stock on the date the reporting person ceased to serve as chief executive officer of the issuer (may 20, 2022), any unvested options will vest immediately and in full on the reporting person's last day of employment with the issuer, which shall be no later than the issuer's 2022 annual meeting of stockholders (the "termination date"), and the options will remain exercisable through the third anniversary of the termination date.
f2 this option is currently exercisable in full.
f3 the option vests in 48 equal monthly installments from the vesting commencement date of march 1, 2020.
f4 the option vests in 48 equal monthly installments from the vesting commencement date of march 1, 2019.
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