1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Non-Qualified Stock Option
|
08/22/2006(1)
|
05/15/2007 |
DSS Common Stock
|
179,268
|
$
1.41
|
D
|
|
Non-Qualified Stock Option
|
08/22/2006(1)
|
08/14/2012 |
DSS Common Stock
|
59,756
|
$
0.88
|
D
|
|
Non-Qualified Stock Option
|
08/22/2006(1)
|
02/12/2013 |
DSS Common Stock
|
29,878
|
$
1
|
D
|
|
Non-Qualified Stock Option
|
08/22/2006(1)
|
08/13/2013 |
DSS Common Stock
|
179,268
|
$
1.71
|
D
|
|
Non-Qualified Stock Option
|
08/22/2006(1)
|
08/13/2014 |
DSS Common Stock
|
119,512
|
$
1.52
|
D
|
|
Non-Qualified Stock Option
|
08/22/2006(1)
|
08/22/2010 |
DSS Common Stock
|
239,024
|
$
1.46
|
D
|
|
Non-Qualified Stock Option
(2)
|
09/01/2006(3)
|
09/01/2013 |
DSS Common Stock
|
1,000,000
|
$
2.15
|
D
|
|
Restricted Stock Units
|
(4)
|
(4)
|
DSS Common Stock
|
100,000
|
$
(6)
|
D
|
|
Restricted Stock Units
|
(5)
|
(5)
|
DSS Common Stock
|
200,000
|
$
(6)
|
D
|
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
These options were granted under the 1999 Stock Incentive Plan of Advanced Digital Information Corporation ("ADIC"), which were assumed by Quantum Corporation ("Quantum") on August 22, 2006, pursuant to the Agreement and Plan of Merger (the "Merger Agreement") between ADIC and Quantum. The options were exchanged for options to purchase Quantum common stock, at an exchange ratio of 5.9756 per share, and are immediately vested. |
(2) |
'Right to Buy' granted under 16b-3 Plan. |
(3) |
Stock Options will vest over a period of three (3) years, as follows: the first 33% will vest on September 1, 2007 with the remainder vesting in equal annual installments over the following two (2) years. |
(4) |
Restricted Stock Units will vest over a period of two (2) years, as follows: the first 50% will vest on September 1, 2007 and the remaining 50% on September 1, 2008. |
(5) |
Restricted Stock Units will vest over a period of three (3) years, as follows: the first 33% will vest on September 1, 2007 with the remainder vesting in equal annual installments over the following two (2) years. |
(6) |
Restricted Stock Units convert to shares of Common Stock on a 1-for-1 basis. |