Statement of Changes in Beneficial Ownership (4)
October 01 2020 - 4:40PM
Edgar (US Regulatory)
FORM 4
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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
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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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1. Name and Address of Reporting Person
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LUCAS KENAN |
2. Issuer Name and Ticker or Trading Symbol
Qumu Corp
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QUMU
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
2100 THIRD AVENUE NORTH, SUITE 600 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
9/29/2020 |
(Street)
BIRMINGHAM, AL 35203
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock, $0.01 par value | 9/29/2020 | | M | | 18099 | A | $0 | 43099 | I | See Footnote (1) |
Common Stock, $0.01 par value | | | | | | | | 1367522 | I | See Footnote (2) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. 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 Date | 7. 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) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Units | (3) | 9/29/2020 | | M | | | 18099 | (4) | (5) | Common Stock | 18099 | $0 | 0 | I | See Footnote (6) |
Restricted Stock Units | (3) | 9/30/2020 | | A | | 17353 | | (7) | (8) | Common Stock | 17353 | $0 | 17353 | I | See Footnote (6) |
Explanation of Responses: |
(1) | These shares are held in an affiliated brokerage account for the benefit of the investors of Harbert Discovery Fund, LP (the "Fund"). |
(2) | These shares are held by the Fund. Mr. Lucas may be deemed to beneficially own these shares through his role as the managing director and portfolio manager of the Fund's general partner. |
(3) | Each restricted stock unit represents the contingent right to receive one share of Qumu common stock. |
(4) | The restricted stock units vested on September 29, 2020 which was the first business day prior to the 2020 Annual Meeting of Shareholders. |
(5) | The Reporting Person has elected not to defer the delivery of any shares in this grant. All shares not deferred will be paid within 90 days following September 29, 2020. |
(6) | The restricted stock units are held for the benefit of the investors of the Fund. |
(7) | The restricted stock units vest on the first business day prior to the 2021 Annual Meeting of Shareholders, provided the Reporting Person continues to provide services to Qumu as a director on that date, subject to certain exceptions. |
(8) | The Reporting Person has elected not to defer the delivery of any shares in this grant. All shares not deferred will be paid within 90 days following the date the restricted stock unit's first vest. |
Remarks: The Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
LUCAS KENAN 2100 THIRD AVENUE NORTH, SUITE 600 BIRMINGHAM, AL 35203 | X | X |
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Signatures
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/s/ Kenan Lucas | | 10/1/2020 |
**Signature of Reporting Person | Date |
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