Filing Details
- Accession Number:
- 0001437749-16-035527
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-07-22 13:40:30
- Reporting Period:
- 2016-07-21
- Filing Date:
- 2016-07-22
- Accepted Time:
- 2016-07-22 13:40:30
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1036188 | Qad Inc | QADA, QADB | Services-Prepackaged Software (7372) | 770105228 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1102753 | M Pamela Lopker | 100 Innovation Place Santa Barbara CA 93108 | President | Yes | Yes | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock ($0.001 Par Value) | Disposition | 2016-07-21 | 208,240 | $0.00 | 5,142,595 | No | 4 | S | Direct | |
| Class B Common Stock ($0.001 Par Value) | Acquisiton | 2016-07-21 | 245,765 | $0.00 | 2,236,535 | No | 4 | P | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | P | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Class A Common Stock ($0.001 Par Value) | 103,511 | Direct | |
| Class B Common Stock ($0.001 Par Value) | 30,193 | Direct | |
| Class A Common Stock ($0.001 Par Value) | 514,140 | Indirect | Lopker Family Foundation |
| Class B Common Stock ($0.001 Par Value) | 19,828 | Indirect | Lopker Family Foundation |
| Class A Common Stock ($0.001 Par Value) | 5,084 | Indirect | Lopker Family 1997 Charitable Remainder Trust |
| Class B Common Stock ($0.001 Par Value) | 1,247 | Indirect | Lopker Family 1997 Charitable Remainder Trust |
| Class A Common Stock ($0.001 Par Value) | 103,860 | Indirect | By spouse |
| Class B Common Stock ($0.001 Par Value) | 30,441 | Indirect | By spouse |
Footnotes
- The transactions reported in this statement are with respect to different classes of securities and, therefore, are not matchable transactions for purposes of Section 16(b) of the Securities Exchange Act of 1934, as amended (the "ACT"). See Gibbons v Malone, 801 F.Supp 2d 243 (S.D.N.Y. 2011), aff'd, 703 F.3d 595 (2d Cir. 2013).
- Pursuant to certain share exchange agreements dated July 20, 2016 (the "Exchange Agreements") by and between Pamela M. Lopker and Karl F. Lopker, as Trustees of the Lopker Living Trust dated November 18, 2013 (the "Lopker Trust"), and certain shareholders of QAD Inc. (the "Issuer") who are managed by a common advisor, such shareholders agreed to transfer, in the aggregate, 245,765 shares of Class B Common Stock of the Issuer, par value $0.001 per share ("Class B Shares"), to the Lopker Trust, and the Lopker Trust agreed to transfer, in the aggregate, 208,240 shares of Class A Common Stock of the Issuer, par value $0.001 per share ("Class A Shares"), to such shareholders. The transfer of Class B Shares in exchange for the transfer of Class A Shares closed on July 21, 2016, which were arms-length transactions for in-kind rather than cash consideration and, accordingly, do not have a per-share price.
- This exchange is being reported on a Form 4 for both Karl F. Lopker and Pamela M. Lopker, who act as joint trustees of the Lopker Living Trust.
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