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Filing Details

Accession Number:: 0000899243-19-013033
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-05-10 16:05:18
Reporting Period:: 2019-05-08

Accepted Time:: 2019-05-10 16:05:18
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1596946	Quotient Ltd	QTNT	In Vitro & In Vivo Diagnostic Substances (2835)	264719797

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1604628	Jeremy Stackawitz	C/O Quotient Limited 28 Esplanade St Helier Y9 JE2 3QA	President	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2019-05-08	22,500	$8.67	131,939	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Ordinary Shares	EmployeeStockOption(right tobuy)	$11.92	2026-05-31	20,000	20,000	Direct
Ordinary Shares	EmployeeStockOption(right tobuy)	$15.17	2025-05-19	22,500	22,500	Direct
Ordinary Shares	EmployeeStockOption(right tobuy)	$8.00	2024-04-29	60,000	60,000	Direct
Ordinary Shares	EmployeeStockOption(right tobuy)	$7.58	2027-05-23	40,000	40,000	Direct
Ordinary Shares	Multi-yearPerformanceBasedRestrictedStock Unit	$0.00	2019-12-31	50,000	50,000	Direct
Ordinary Shares	RestrictedStock Units	$0.00		30,961	30,961	Direct
Ordinary Shares	Restricted Stock Units	$0.00		11,175	11,175	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2026-05-31	20,000	20,000	Direct
2025-05-19	22,500	22,500	Direct
2024-04-29	60,000	60,000	Direct
2027-05-23	40,000	40,000	Direct
2019-12-31	50,000	50,000	Direct
	30,961	30,961	Direct
	11,175	11,175	Direct

Footnotes

13,334 options have vested and remain exercisable and 6,666 options will vest on June 1, 2019.
All 22,500 options have vested and remain exercisable.
All 60,000 options have vested and remain exercisable.
13,333 vested on May 24, 2018 and remain exercisable, 13,333 options will vest on May 24, 2019, 13,334 options will vest on May 24, 2020.
Each Multi-year Performance Based Restricted Stock Unit ("MRSU") represents a contingent right to receive one share of Quotient's ordinary shares. The MRSUs vest upon Quotient's ordinary shares achieving a volume weighted average market price of $22.00 per share for 20 consecutive trading days during the period April 1, 2019 to December 31, 2019.
Restricted Stock Units convert into ordinary shares on a one-for-one basis.
On May 24, 2018, the Reporting Person was granted 30,961 Restricted Stock Units, vesting in three equal annual installments beginning May 24, 2019.
On May 23, 2018, the Reporting Person was granted 11,175 restricted stock units that would vest on May 24, 2019 if certain business milestones were achieved on or before December 31, 2018. The business milestones were reached on December 12, 2018, and accordingly the restricted stock units will vest on May 24, 2019.
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 7, 2019.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.58 to $8.83, inclusive. The Reporting Person undertakes to provide to Quotient Limited, any security holder of Quotient Limited, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (10) to this Form 4.