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QTNT Quotient Ltd

0.38
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Quotient Ltd NASDAQ:QTNT NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.38 0.36 0.3699 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

05/04/2022 9:36pm

Edgar (US Regulatory)


FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Mendez Manuel O.
2. Issuer Name and Ticker or Trading Symbol

Quotient Ltd [ QTNT ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief Executive Officer
(Last)          (First)          (Middle)

C/O QUOTIENT LIMITED, B1, BUSINESS PARK, TERRE BONNE, ROUTE DE CRASSIER 13
3. Date of Earliest Transaction (MM/DD/YYYY)

4/1/2022
(Street)

EYSINS, V8 1262
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares 4/1/2022  M  416667 A (1)416667 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units  (1)4/1/2022  D     416667   (2) (2)Ordinary Shares 416667 $0.00 471014 D  
Ordinary Share Option (Right to Buy) $3.68            (3)4/1/2031 Ordinary Shares 718788  718788 D  
Restricted Stock Units  (4)4/1/2022  A   500000     (4) (4)Ordinary Shares 500000 $0.00 500000 D  
Ordinary Share Option (Right to Buy) $1.20 4/1/2022  A   504882     (5)4/1/2032 Ordinary Shares 504882 $0.00 504882 D  

Explanation of Responses:
(1) Restricted Stock Units convert into ordinary shares on a one-for-one basis.
(2) 416,667 restricted stock units have vested and converted into ordinary shares. The remaining 471,014 restricted stock units will vest in two equal installments on April 1, 2023 and April 1, 2024.
(3) 239,595 options vested on April 1, 2022 and remain exercisable, and the remaining 479,193 options will vest in two equal installments on April 1, 2023 and April 1, 2024.
(4) On April 1, 2022, the Reporting Person was granted 500,000 restricted stock units, vesting in three equal annual installments beginning April 1, 2023. Upon vesting, the restricted stock units will either convert into ordinary shares on a one-for-one basis or will be settled in cash on the vesting date in an amount equal to the fair market value of an ordinary share on such date, as determined by the Company.
(5) The options vest and become exercisable in three equal annual installments beginning April 1, 2023.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Mendez Manuel O.
C/O QUOTIENT LIMITED, B1, BUSINESS PARK
TERRE BONNE, ROUTE DE CRASSIER 13
EYSINS, V8 1262
X
Chief Executive Officer

Signatures
/s/ Manuel O. Mendez, by Peter A. Pyatigorsky his attorney in fact4/5/2022
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(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).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.

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