UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Non-qualified stock option (2) | 03/01/2009(3) | 04/01/2015 | Common Stock | 850,000 | $ 2.17 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
LOPATIN GERALD C/O QUANTUM CORPORATION 1650 TECHNOLOGY DRIVE, SUITE 800 SAN JOSE, CA 95110 |
Senior VP, Engineering |
/s/ Beverly Verrett, Attorney in Fact for Gerald Lopatin | 05/23/2008 | |
**Signature of Reporting Person | Date |
* | 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) | Restricted Stock units will vest annually over a period of three (3) years as follows: 38,334 will vest on 3/1/09 and 38,333 will vest on each of 3/1/10 and 3/1/11. |
(2) | Right to buy under Rule 16b (3) Plan. |
(3) | Stock Options will vest as follows: 25% on 3/1/09 and the remaining shares will vest monthly at the rate of 1/48 of the original grant amount through 3/1/2012. |