Quantum Corp (QTM): Activist Starboard Value Trims Exposure; Replaces Board Member

Page 15 of 20 – SEC Filing

A.	Starboard V&O Fund

(a)

As of the close of business on April 6, 2016, Starboard V&O Fund beneficially owned 24,582,539 Shares, including 13,791,742 Shares underlying the Notes.

Percentage: Approximately 8.8%

(b)

1. Sole power to vote or direct vote: 24,582,539

2. Shared power to vote or direct vote: 0

3. Sole power to dispose or direct the disposition: 24,582,539

4. Shared power to dispose or direct the disposition: 0

(c)

The transactions in the Shares by Starboard V&O Fund during the past sixty days are set forth in Schedule A and are incorporated herein by reference.

B.	Starboard S LLC

(a)

As of the close of business on April 6, 2016, Starboard S LLC beneficially owned 5,269,399 Shares, including 2,850,637 Shares underlying the Notes.

Percentage: Approximately 2.0%

(b)

1. Sole power to vote or direct vote: 5,269,399

2. Shared power to vote or direct vote: 0

3. Sole power to dispose or direct the disposition: 5,269,399

4. Shared power to dispose or direct the disposition: 0

(c)

The transactions in the Shares by Starboard S LLC during the past sixty days are set forth in Schedule A and are incorporated herein by reference.

C.	Starboard C LP

(a)

As of the close of business on April 6, 2016, Starboard C LP beneficially owned 2,457,479 Shares, including 482,696 Shares underlying the Notes.

Percentage: Less than 1%

(b)

1. Sole power to vote or direct vote: 2,457,479

2. Shared power to vote or direct vote:  0

3. Sole power to dispose or direct the disposition: 2,457,479

4. Shared power to dispose or direct the disposition: 0

(c)

The transactions in the Shares by Starboard C LP during the past sixty days are set forth in Schedule A and are incorporated herein by reference.

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