Exhibit (a)(6)
QUANTUM CORPORATION
VOLUNTARY STOCK OPTION EXCHANGE PROGRAM
NOTICE TO CHANGE ELECTION
FROM ACCEPT TO REJECT
I previously received a copy of the Offer to Exchange, the memorandum from
Michael Brown, dated June 4, 2001 and an Election Form. I signed and returned
the Election Form in which I elected to accept Quantum Corporation's ("Quantum")
offer to exchange (the "Offer") some or all of my options. I now wish to change
that election and reject Quantum's Offer to exchange my options. I understand
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that by signing this Notice and delivering it to Stock Administration for
receipt by 5:00 p.m. Pacific Daylight Time on July 3, 2001, I will be able to
withdraw my acceptance of the Offer and reject the Offer to exchange options
instead. I have read and understand all the terms and conditions of the Offer.
I have read and understand the instructions attached to this Notice.
I understand that in order to reject the Offer, I must sign, date and
deliver this Notice via fax (fax # (408) 944-6521) or hand delivery to Quantum
Corporation, Attention: Stock Administration, 501 Sycamore Drive, Milpitas, CA
95035 for receipt by 5:00 p.m. Pacific Daylight Time on July 3, 2001.
I understand that by rejecting the Offer to exchange options, I will not
receive any new options pursuant to the Offer and I will keep the options that I
have. These options will continue to be governed by the stock option plan under
which they were granted and by the existing option agreements between Quantum
and me.
I understand that I may change this election, and once again accept the
Offer, by submitting a new Election Form to Quantum Corporation, Attention:
Stock Administration, 501 Sycamore Drive, Milpitas, CA 95035 via fax (fax #
(408) 944-6521) or hand delivery for receipt by 5:00 p.m. Pacific Daylight Time
on July 3, 2001.
I have signed this Notice and printed my name exactly as it appears on the
Election Form.
I do not accept the Offer to exchange any options.
______________________________ ______________________________________________________________
Employee Signature National Insurance/Social Security/National ID/Tax File Number
______________________________ _____________________
Employee Name (Please Print) Date and Time
_________________________________________________________________________
Home or Work Address
INSTRUCTIONS
FORMING PART OF THE TERMS AND CONDITIONS OF THE OFFER
1. Delivery of Notice to Change Election From Accept to Reject.
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A properly completed and executed original of this Notice to Change
Election From Accept to Reject (or a faxed copy of it), and any other documents
required by this Notice to Change Election From Accept to Reject, must be
received by Quantum Corporation, Attention: Stock Administration, 501 Sycamore
Drive, Milpitas, CA 95035 either via hand delivery or via fax (fax # (408) 944-
6521) on or before 5:00 p.m. Pacific Daylight Time on July 3, 2001 (the
"Expiration Date").
The method by which you deliver any required documents is at your option
and risk, and the delivery will be deemed made only when actually received by
Quantum at the address or fax number listed above. In all cases, you should
allow sufficient time to ensure timely delivery.
Although by submitting a Notice to Change Election From Accept to Reject
you have withdrawn your tendered options from the Offer, you may change your
mind and re-accept the Offer until the expiration of the Offer. Tenders of
options made through the Offer may be made at any time before the Expiration
Date. If the Offer is extended by Quantum beyond that time, you may tender your
options at any time until the extended expiration of the Offer. To change your
mind and elect to participate in the Offer, you must deliver a new signed and
dated Election Form (or a faxed copy of the Election Form) with the required
information to Quantum, while you still have the right to participate in the
Offer. Your options will not be properly tendered for purposes of the Offer
unless the withdrawn options are properly re-tendered before the Expiration Date
by delivery of the new Election Form following the procedures described in the
Instructions to the Election Form.
If you do not wish to withdraw all your tendered options from the Offer,
you should not fill out this Notice to Change Election From Accept to Reject.
If you wish to change your election with respect only to particular options, you
should submit a new Election Form instead. To change your election regarding
particular tendered options while continuing to elect to participate in the
Offer, you must deliver a signed and dated new Election Form, with the required
information, following the procedures described in the Instructions to the
Election Form before the Expiration Date or, if the Offer is extended, before
the extended expiration of the Offer. Upon the receipt of such a new, properly
signed and dated Election Form, any previously submitted Election Form or Notice
to Change Election Form Accept to Reject will be disregarded and will be
considered replaced in full by the new Election Form.
By signing this Notice to Change Election From Accept to Reject (or a faxed
copy of it), you waive any right to receive any notice of the withdrawal of the
tender of your options, except as provided for in the Offer to Exchange.
2. Signatures on This Notice to Change Election From Accept to Reject.
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If this Notice to Change Election From Accept to Reject is signed by the
holder of the Eligible Options, the signature must correspond with the name as
written on the face of the option agreement or agreements to which the options
are subject without alteration, enlargement or any change whatsoever.
If this Notice to Change Election From Accept to Reject is signed by a
trustee, executor, administrator, guardian, attorney-in-fact, officer of a
corporation or other person acting in a fiduciary or representative capacity,
that person should so indicate when signing, and proper evidence satisfactory to
Quantum of the authority of that person so to act must be submitted with this
Notice to Change Election From Accept to Reject.
3. Other Information on This Notice to Change Election From Accept to
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Reject.
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In addition to signing this Notice to Change Election From Accept to
Reject, you must print your name and indicate the date and time at which you
signed. You must also include a home or work address and your identification
number, such as your social security number, tax identification number or
national identification number, as appropriate.
4. Requests for Assistance or Additional Copies.
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Questions about the Offer or requests for assistance, as well as requests
for additional copies of the Offer to Exchange or this Notice to Change Election
From Accept to Reject may be directed to the Employee Call Center, Quantum
Corporation, 501 Sycamore Drive, Milpitas, CA 95035, telephone number 1-800-499-
9007. Copies will be furnished promptly at Quantum's expense.
5. Irregularities.
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All questions as to the validity, form, eligibility (including time of
receipt) and acceptance of this withdrawal from the Offer will be determined by
Quantum in its discretion. Quantum's determinations shall be final and binding
on all parties. Quantum reserves the right to reject any or all Notices to
Change Election From Accept to Reject that Quantum determines not to be in
proper form or the acceptance of which may, in the opinion of Quantum's counsel,
be unlawful. Quantum also reserves the right to waive any of the conditions of
the Offer and any defect or irregularity in the Notice to Change Election From
Accept to Reject, and Quantum's interpretation of the terms of the Offer
(including these instructions) will be final and binding on all parties. No
Notice to Change Election From Accept to Reject will be deemed to be properly
made until all defects and irregularities have been cured or waived. Unless
waived, any defects or irregularities in connection with Notices to Change
Election From Accept to Reject must be cured within the time as Quantum shall
determine. Neither Quantum nor any other person is or will be obligated to give
notice of any defects or irregularities in Notices to Change Election From
Accept to Reject, and no person will incur any liability for failure to give any
such notice.
Important: The Notice to Change Election From Accept to Reject (or a faxed
copy of it) together with all other required documents must be received by
Quantum, on or before the Expiration Date.
6. Additional Documents to Read.
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You should be sure to read the Offer to Exchange, all documents referenced
in the Offer to Exchange, and the memorandum from Michael Brown dated June 4,
2001 before deciding to participate in the Offer.
7. Important Tax Information.
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You should refer to Section 17 of the Offer to Exchange, which contains
important U.S. federal income tax information. If you live or work outside the
United States, you should refer to Section 18 for a discussion of tax
consequences which may apply to you.