Filing Details

Accession Number:
0001181431-10-017613
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-03-22 13:00:00
Reporting Period:
2010-03-19
Filing Date:
2010-03-22
Accepted Time:
2010-03-22 15:56:36
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
709283 Quantum Corp QTM Computer Storage Devices (3572) 942665054
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1188975 W Jon Gacek C/O Quantum Corporation
1650 Technology Drive, Ste. 800
San Jose CA 95110
Executive Vp, Coo, Cfo No Yes 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 2010-03-19 50,000 $1.46 507,913 No 4 M Direct
Common Stock Disposition 2010-03-19 50,000 $2.63 457,913 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Non-Qualified Stock Options Disposition 2010-03-19 50,000 $0.00 50,000 $1.46
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
189,024 2006-08-22 2010-08-22 No 4 M Direct
Footnotes
  1. Reflects the exercise of the stock options listed in Table II of this Form 4.
  2. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 17, 2010.
  3. The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $2.59 to $2.76 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
  4. These options were granted under the 1999 Stock Incentive Plan of Advanced Digital Information Corporation ("ADIC") and assumed by Quantum Corporation ("Quantum") on August 22, 2006, pursuant to the Agreement and Plan of Merger between ADIC and Quantum. The options were exchanged for options to purchase Quantum stock, at the exchange ratio of 5.9756 per share.
  5. The options are fully vested and immediately exercisable.