(5)
Includes 169,011 shares held in a living trust of which Mr. Sands and his spouse are trustees. Mr. Sands disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. Also includes stock options exercisable for 63,519 shares of our common stock within 60 days of August 31, 2019.
(6)
Includes 15,623 shares held by a limited partnership Tippet Venture Partners, L.P. of which Mr. Sheehan is the managing director of its general partner and 200 shares held by a trust of which Mr. Sheehan is a trustee. Mr. Sheehan disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. Also includes stock options exercisable for 33,333 shares of our common stock within 60 days of August 31, 2019.
(7)
Includes 34,841 shares held by the James Rexroad Simons Trust of which Mr. Simons is a trustee. Mr. Simons disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. Also includes stock options exercisable for 20,000 shares of our common stock within 60 days of August 31, 2019.
(8)
Includes 4,058,517 shares held by The Valenti Living Trust of which Mr. Valenti and his spouse are co-trustees. Each of Mr. Valenti and his spouse has voting and investment power with respect to the shares held by The Valenti Living Trust and share beneficial ownership in such shares. Also includes 6,903 shares held by trusts, of which Mr. Valenti’s spouse is the trustee, for the benefit of Mr. Valenti and his spouse’s immediate family members over which Mr. Valenti may be deemed to have shared voting and dispositive power. Also includes stock options exercisable for 115,235 shares of our common stock within 60 days of August 31, 2019.
(9)
Includes stock options exercisable for 163,750 shares of our common stock within 60 days of August 31, 2019.
(10)
Consists of stock options exercisable for 7,187 shares of our common stock within 60 days of August 31, 2019.
(11)
Includes stock options exercisable for 20,625 shares of our common stock within 60 days of August 31, 2019.
(12)
Includes stock options exercisable for 20,625 shares of our common stock within 60 days of August 31, 2019.
(13)
Includes stock options exercisable for 725,524 shares of our common stock within 60 days of August 31, 2019.
(14)
Based on the Schedule 13G/A filed with the SEC on January 31, 2019 by BlackRock, Inc.
(15)
Based on the Schedule 13G/A filed with the SEC on February 8, 2019 by Private Capital Management, LLC.
(16)
Based on the Schedule 13G/A jointly filed with the SEC on February 25, 2019 by (i) Park West Asset Management LLC, a Delaware limited liability company (“PWAM”), (ii) Park West Investors Master Fund, Limited, a Cayman Islands exempted company (“PWIMF”), and (iii) Peter S. Park, as the sole member and manager of PWAM. PWAM is the investment manager to PWIMF, and Park West Partners International, Limited, a Cayman Islands exempted company. PWAM and Mr. Park have shared voting and investment power over all of the reported securities.
Section 16(a) Beneficial Ownership Reporting Compliance
Based solely upon a review of filings with the SEC and/or written representations that no other reports were required, we believe that all reports for the Company’s executive officers and directors that were required to be filed under Section 16 of the Securities Exchange Act, as amended, were timely filed for fiscal year 2019.
Certain Relationships and Related Person Transactions
Anna Valenti, the daughter-in-law of Chief Executive Officer Douglas Valenti, serves as Senior Director of Paid Search and Social Media at QuinStreet. For fiscal year 2019, Ms. Valenti received a base salary of $155,000, an aggregate $13,176.53 in commissions, and an award of 2,500 four-year