Filing Details

* Beneficial ownership percentage is based upon 34,673,884 shares of Common Stock, $0.01 par value per share (“Common Stock”), of Quantum Corporation, a Delaware corporation (the “Company”), issued and outstanding as of November 3, 2017, based on information reported by the Company in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 9, 2017.  Park West Asset Management LLC (“PWAM”) is the investment manager to Park West Investors Master Fund, Limited, a Cayman Islands exempted company (“PWIMF”), and Park West Partners International, Limited, a Cayman Islands exempted company (“PWPI” and, collectively with PWIMF, the “PW Funds”), and Peter S. Park (“Mr. Park” and, collectively with PWAM, the “Reporting Persons”) is the sole member and manager of PWAM.  As of November 10, 2017, PWIMF held 1,783,901 shares of Common Stock of the Company and PWPI held 216,099 shares of Common Stock of the Company.  As a result of the foregoing, for purposes of Reg. Section 240.13d-3, the Reporting Persons may be deemed to beneficially own the 2,000,000 shares of Common Stock of the Company held in the aggregate by the PW Funds, or 5.8% of the shares of Common Stock of the Company deemed to be issued and outstanding as of November 10, 2017.

          

 

* Beneficial ownership percentage is based upon 34,673,884 shares of Common Stock of the Company, issued and outstanding as of November 3, 2017, based on information reported by the Company in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 9, 2017.  PWAM is the investment manager to the PW Funds, and Mr. Park is the sole member and manager of PWAM.  As of November 10, 2017, PWIMF held 1,783,901 shares of Common Stock of the Company or approximately 5.1% of the shares of Common Stock of the Company deemed to be issued and outstanding as of November 10, 2017.

 

CUSIP No. 747906501
(1)	Names of Reporting Persons       Peter S. Park
(2)	Check the Appropriate Box if a Member of a Group (See Instructions)		(a)    o (b)    o

(3)	SEC Use Only
(4)	Citizenship or Place of Organization    United States of America

Number of Shares Beneficially Owned by           Each Reporting Person With:	(5)   Sole Voting Power	2,000,000*
	(6)   Shared Voting Power	0
	(7)   Sole Dispositive Power	2,000,000*
	(8)   Shared Dispositive Power	0

(9)	Aggregate Amount Beneficially Owned by Each Reporting Person    2,000,000*
(10)	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions):   o
(11)	Percent of Class Represented by Amount in Row (9)    5.8%*
(12)	Type of Reporting Person (See Instructions)    IN

 

     

Item 1(a).  Name Of Issuer: Quantum Corporation (the “Company”)

 

 

Item 3.  If This Statement Is Filed Pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the Person Filing is a:

 

Not Applicable.

	(a)	Amount Beneficially Owned:	2,000,000*
	(b)	Percent of Class:	5.8%*
	(c)	Number of Shares as to which the person has:
		(i)         sole power to vote or to direct the vote:	2,000,000*
		(ii)        shared power to vote or to direct the vote	0
		(iii)       sole power to dispose or to direct the disposition of:	2,000,000*
		(iv)       shared power to dispose or to direct the disposition of	0

 

As reported in the cover pages to this report, the ownership information with respect to PWIMF is as follows:

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The 2,000,000 shares of Common Stock of the Company held in the aggregate by the PW Funds, which constitute 5.8% of the shares of Common Stock of the Company deemed to be issued and outstanding as of November 10, 2017, may be deemed to be beneficially owned (x) indirectly by PWAM, as the investment adviser to PWIMF and PWPI, and (y) indirectly by Mr. Park, as the sole member and manager of PWAM.  The foregoing beneficial ownership percentage is based upon 34,673,884 shares of Common Stock of the Company, issued and outstanding as of November 3, 2017, based on information reported by the Company in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 9, 2017.

 

Item 5.  Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following:  o

 

	November 20, 2017
	PARK WEST ASSET MANAGEMENT LLC
	By:	/s/ James J. Watson
		Name:  James J. Watson
		Title:    Chief Operating Officer

 

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of them of a statement on Schedule 13G (including amendments thereto) with respect to the shares of Common Stock, $0.01 par value per share, of Quantum Corporation, a Delaware corporation, and further agree that this Joint Filing Agreement be included as Exhibit A to such Schedule 13G.  In evidence thereof, the undersigned hereby execute this agreement this 20th day of November, 2017.