Quantum Corporation
|
(Name of Issuer)
Common Stock, par value $.01 per share
|
(Title of Class of Securities)
|
747906204
|
(CUSIP Number)
|
Mr. Chad Atkins
Private Capital Management, LLC
8889 Pelican Bay Boulevard, Suite 500
Naples, FL 34108
(239) 254-2500
|
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
|
11/21/16
|
(Date of Event which Requires
Filing of this Statement)
|
CUSIP No.
|
747906204
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Page 2 of 9 Pages
|
|||||||
1
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NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
|
||||||||
Private Capital Management, LLC (46-3167283)
|
|||||||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
(a)
|
o
|
||||||
(b)
|
o
|
||||||||
3
|
SEC USE ONLY
|
||||||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
||||||||
OO
|
|||||||||
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|
o
|
|||||||
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
|
||||||||
Private Capital Management, LLC Delaware
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|||||||||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
|
|||||||
Private Capital Management, LLC 0
|
|||||||||
8
|
SHARED VOTING POWER
|
||||||||
Private Capital Management, LLC 13,495,902
|
|||||||||
9
|
SOLE DISPOSITIVE POWER
|
||||||||
Private Capital Management, LLC 0
|
|||||||||
10
|
SHARED DISPOSITIVE POWER
|
||||||||
Private Capital Management, LLC 13,495,902
|
|||||||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
||||||||
Private Capital Management, LLC 13,495,902
|
|||||||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE(SEE INSTRUCTIONS)
|
o
|
|||||||
(SEE INSTRUCTIONS)
|
|||||||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
||||||||
Private Capital Management, LLC 4.98%
|
|||||||||
14
|
TYPE OF REPORTING PERSON
|
||||||||
Private Capital Management IA
|
CUSIP No.
|
747906204
|
Page 3 of 9 Pages
|
|||||||
1
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NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
|
||||||||
Mr. Gregg J. Powers
|
|||||||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
(a)
|
o
|
||||||
(b)
|
o
|
||||||||
3
|
SEC USE ONLY
|
||||||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
||||||||
OO/PF
|
|||||||||
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|
o
|
|||||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
||||||||
Gregg J. Powers USA
|
|||||||||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
|
|||||||
Gregg J. Powers 851,892 (1)
|
|||||||||
8
|
SHARED VOTING POWER
|
||||||||
Gregg J. Powers 13,495,902
|
|||||||||
9
|
SOLE DISPOSITIVE POWER
|
||||||||
Gregg J. Powers 851,892(1)
|
|||||||||
10
|
SHARED DISPOSITIVE POWER
|
||||||||
Gregg J. Powers 13,495,902
|
|||||||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
||||||||
Gregg J. Powers 14,347,794(1)
|
|||||||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE(SEE INSTRUCTIONS)
|
o
|
|||||||
(SEE INSTRUCTIONS)
|
|||||||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
||||||||
Gregg J. Powers 5.29%
|
|||||||||
14
|
TYPE OF REPORTING PERSON
|
||||||||
Gregg J. Powers IN
|
(a)
|
The acquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer;
|
(b)
|
An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries;
|
(c)
|
A sale or transfer of a material amount of assets of the issuer or any of its subsidiaries;
|
(d)
|
Any change in the present board of directors or management of the issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board;
|
(e)
|
Any material change in the present capitalization or dividend policy of the issuer;
|
(f)
|
Any other material change in the issuer's business or corporate structure including but not limited to, if the issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by section 13 of the Investment Company Act of 1940;
|
(g)
|
Changes in the issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person;
|
(h)
|
Causing a class of securities of the issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;
|
(i)
|
A class of equity securities of the issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or
|
(j)
|
Any action similar to any of those enumerated above.
|
Dated: February 6, 2017
|
Private Capital Management, LLC
|
|||
By:
|
/s/ Chad D. Atkins
|
|||
Chad D. Atkins
|
||||
President and CCO
|
||||
Gregg J. Powers
|
||||
By:
|
/s/ Gregg J. Powers
|
|||
CEO & Portfolio Manager, Private Capital
Management, LLC
|
Trade Date
|
Transaction Type
|
Fund
|
Quantity
|
Price
|
9/23/2016
|
Sell
|
Reporting Person 1
|
9,400
|
0.75
|
9/23/2016
|
Sell
|
Reporting Person 1
|
5,100
|
0.75
|
9/23/2016
|
Sell
|
Reporting Person 1
|
787
|
0.75
|
9/23/2016
|
Sell
|
Reporting Person 1
|
9,300
|
0.75
|
9/26/2016
|
Sell
|
Reporting Person 1
|
4,625
|
0.73
|
10/3/2016
|
Sell
|
Reporting Person 1
|
43,450
|
0.68
|
10/3/2016
|
Sell
|
Reporting Person 1
|
18,493
|
0.68
|
10/4/2016
|
Sell
|
Reporting Person 1
|
124,057
|
0.68
|
10/5/2016
|
Buy
|
Reporting Person 1
|
30,825
|
0.73
|
10/10/2016
|
Sell
|
Reporting Person 1
|
8,000
|
0.75
|
10/10/2016
|
Sell
|
Reporting Person 1
|
2,200
|
0.75
|
10/10/2016
|
Sell
|
Reporting Person 1
|
2,300
|
0.75
|
10/10/2016
|
Sell
|
Reporting Person 1
|
5,200
|
0.75
|
10/10/2016
|
Sell
|
Reporting Person 1
|
4,425
|
0.75
|
10/10/2016
|
Sell
|
Reporting Person 1
|
7,100
|
0.75
|
10/10/2016
|
Sell
|
Reporting Person 1
|
11,600
|
0.75
|
10/10/2016
|
Sell
|
Reporting Person 1
|
7,700
|
0.75
|
10/19/2016
|
Buy
|
Reporting Person 1
|
2,100
|
0.79
|
10/19/2016
|
Buy
|
Reporting Person 1
|
750
|
0.79
|
10/19/2016
|
Buy
|
Reporting Person 1
|
3,150
|
0.79
|
10/19/2016
|
Buy
|
Reporting Person 1
|
500
|
0.79
|
10/19/2016
|
Buy
|
Reporting Person 1
|
300
|
0.79
|
10/19/2016
|
Buy
|
Reporting Person 1
|
100
|
0.79
|
10/19/2016
|
Buy
|
Reporting Person 1
|
400
|
0.79
|
10/19/2016
|
Buy
|
Reporting Person 1
|
2,800
|
0.79
|
10/19/2016
|
Buy
|
Reporting Person 1
|
600
|
0.79
|
10/19/2016
|
Buy
|
Reporting Person 1
|
200
|
0.79
|
10/19/2016
|
Buy
|
Reporting Person 1
|
300
|
0.79
|
10/19/2016
|
Buy
|
Reporting Person 1
|
7,000
|
0.79
|
10/19/2016
|
Buy
|
Reporting Person 1
|
4,200
|
0.78
|
10/19/2016
|
Buy
|
Reporting Person 1
|
3,600
|
0.78
|
10/19/2016
|
Buy
|
Reporting Person 1
|
400
|
0.78
|
10/19/2016
|
Buy
|
Reporting Person 1
|
300
|
0.78
|
10/19/2016
|
Buy
|
Reporting Person 1
|
100
|
0.78
|
10/19/2016
|
Buy
|
Reporting Person 1
|
400
|
0.78
|
10/19/2016
|
Buy
|
Reporting Person 1
|
1,200
|
0.76
|
10/19/2016
|
Buy
|
Reporting Person 1
|
600
|
0.76
|
10/19/2016
|
Buy
|
Reporting Person 1
|
1,000
|
0.76
|
10/25/2016
|
Buy
|
Reporting Person 1
|
14,860
|
0.95
|
10/31/2016
|
Sell
|
Reporting Person 1
|
13,800
|
0.79
|
11/3/2016
|
Sell
|
Reporting Person 1
|
7,600
|
0.70
|
11/7/2016
|
Sell
|
Reporting Person 1
|
30,825
|
0.73
|
11/17/2016
|
Sell
|
Reporting Person 1
|
22,000
|
0.90
|
11/21/2016
|
Sell
|
Reporting Person 1
|
11,200
|
0.92
|
11/21/2016
|
Sell
|
Reporting Person 1
|
41,775
|
0.92
|
Dated: February 6, 2017
|
Private Capital Management, LLC
|
|||
By:
|
/s/ Chad D. Atkins
|
|||
Chad D. Atkins
|
||||
President and CCO
|
Gregg J. Powers
|
||||
By:
|
/s/ Gregg J. Powers
|
|||
CEO & Portfolio Manager, Private Capital
Management, LLC
|