Filing Details

Accession Number:
0001088033-10-000035
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-03-02 12:00:00
Reporting Period:
2010-02-26
Filing Date:
2010-03-02
Accepted Time:
2010-03-02 21:08:18
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1088033 Quest Software Inc QSFT Services-Prepackaged Software (7372) 330231678
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1231263 F Douglas Garn C/O Quest Software, Inc.
5 Polaris Way
Aliso Viejo CA 92656
President And Ceo Yes 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 2010-02-26 88,894 $0.00 152,966 No 4 A Direct
Common Stock Disposition 2010-03-01 16,463 $17.29 136,503 No 4 F Direct
Common Stock Disposition 2010-03-02 5,000 $17.25 131,503 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 F Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (right to buy) Acquisiton 2010-02-26 400,650 $0.00 400,650 $16.85
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
400,650 2020-02-26 No 4 A Direct
Footnotes
  1. Represents a restricted stock unit award of 88,894 shares of Quest Software common stock that vests in three equal increments on each of the following dates: March 1, 2010, March 1, 2011 and March 1, 2012. Shares of common stock representing the vested restricted stock units will be delivered to the reporting person on each vesting date, subject to the reporting person's right to defer delivery of those shares in accordance with Section 409A of the Internal Revenue Code.
  2. On February 26, 2010, the compensation committee of Quest Software's board of directors certified the achievement of the performance objectives established under the Executive Incentive Plan for the period ended December 31, 2009, resulting in the restricted stock unit award reported herein.
  3. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
  4. These options vest as follows: (a) 20% on the first anniversary of date of grant, and (b) 10% upon the completion of each of the next eight six-month periods of employment.
  5. Sale prices for the transactions reported here range from $17.24 to $17.26. Full information regarding the number of shares sold at each separate price will be provided to the SEC, the issuer or its stockholders upon request.