1
|
NAME OF REPORTING PERSON
PACIFIC INVESTMENT
MANAGEMENT COMPANY LLC
|
2
|
CHECK THE APPROPRIATE
BOX IF A MEMBER OF A GROUP (a)
¨
(b)
x
|
3
|
SEC USE ONLY
|
4
|
CITIZENSHIP OR PLACE
OF ORGANIZATION
Delaware
|
NUMBER
OF SHARES BENEFICIALLY
OWNED BY
|
5
|
SOLE VOTING POWER
4,309,464
[1]
|
EACH
REPORTING
PERSON
WITH
|
6
|
SHARED VOTING POWER
0
|
|
7
|
SOLE DISPOSITIVE POWER
4,309,464
1
|
|
8
|
SHARED DISPOSITIVE
POWER
0
|
9
|
AGGREGATE AMOUNT BENEFICIALLY
OWNED BY EACH REPORTING PERSON
4,309,464
1
|
10
|
CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
¨
|
11
|
PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
10.8%
[2]
|
12
|
TYPE OF REPORTING PERSON
IA,
OO
|
|
|
|
|
Item 1 (a)
Name of Issuer
:
Quantum Corporation
(b)
Address
of Issuer's Principal Executive Offices
:
224 Airport Parkway, Suite 550
San Jose, California 95110
Item 2 (a)
Name of Person Filing
:
Pacific Investment Management Company LLC (“PIMCO”)
(b)
Address
of Principal Business Office
:
650 Newport Center Drive
Newport Beach, California 92660
(c)
Citizenship
:
Filer is organized in Delaware
(d)
Title
of Class of Securities
:
Common Stock
(e)
CUSIP
Number
:
747906501
|
Item 3
|
If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person
filing is a
:
|
|
(a)
|
¨
Broker or dealer registered under Section 15
of the Act;
|
|
(b)
|
¨
Bank as defined in Section 3(a)(6) of the
Act;
|
|
(c)
|
¨
Insurance company as defined in Section 3(a)(19)
of the Act;
|
|
(d)
|
¨
Investment company registered under Section 8
of the Investment Company Act of 1940, as amended (the “Investment Company Act”);
|
|
(e)
|
x
Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
|
|
(f)
|
¨
Employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);
|
|
(g)
|
¨
Parent holding company or control person, in accordance
with 13d-1(b)(ii)(G);
|
|
(h)
|
¨
Savings association as defined in Section 3(b)
of the Federal Deposit Insurance Act;
|
|
(i)
|
¨
Church plan that is excluded from the definition
of an investment company under Section 3(c)(14) of the Investment Company Act;
|
|
(j)
|
¨
A non-U.S. institution in accordance with §240.13d-1(b)(ii)(J);
or
|
|
(k)
|
¨
Group, in accordance with Rule13d-1(b)(1)(ii)(K);
|
If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J),
please specify the type of institution ___________________________________________________________.
Item 4
Ownership
.
|
(a)
|
Amount beneficially owned: 4,309,464
1
|
|
(b)
|
Percent of Class: 10.8
%
2
|
|
(c)
|
Number of shares as to which such person has:
|
(i) Sole power
to vote or direct the vote: 4,309,464
1
(ii) Shared power
to vote: 0
(iii) Sole power to dispose or direct the disposition
of: 4,309,464
1
(iv) Shared power to dispose or direct the disposition of: 0
The securities reported
in this Schedule 13G are held by investment advisory clients or discretionary accounts of which PIMCO is the investment adviser.
When an investment management contract (including a sub-advisory agreement) delegates to PIMCO investment discretion or voting
power over the securities held in the investment advisory accounts that are subject to that agreement, PIMCO considers the agreement
to grant it sole investment discretion or voting authority, as the case may be, unless the agreement specifies otherwise. Accordingly,
PIMCO reports on Schedule 13G that it has sole investment discretion and voting authority over the securities covered by any such
investment management agreement and may be deemed to beneficially own the securities held by its clients or accounts within the
meaning of rule 13d-3 under the Act.
In accordance with SEC
Release No. 34-39538 (January 12, 1998), this Schedule 13G reports the securities beneficially owned or deemed to be beneficially
owned by PIMCO. It does not include securities, if any, beneficially owned by PIMCO’s affiliates, whose ownership of securities
is disaggregated from that of PIMCO in accordance with that release. PIMCO also disclaims beneficial ownership of these securities
except to the extent of its pecuniary interest therein.
Item 5
Ownership of Five Percent or Less of a Class
.
If this statement
is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following
¨
.
Item 6
Ownership of More than Five Percent on Behalf of Another
Person
.
OC II FIE V LP, a private
fund of which PIMCO is the investment adviser, holds these securities in its investment advisory account managed by PIMCO and has
the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the securities reported
herein. OC II FIE V LP has an interest in 4,309,464 shares of these securities, which represents 10.8%
2
of the
class, and holds such securities for the benefit of its investors.
|
Item 7
|
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding
Company
.
|
Not Applicable.
Item 8
|
|
Identification and Classification of Members of the Group
.
|
Not Applicable.
Item 9
|
|
Notice of Dissolution of Group
.
|
Not Applicable.
Item 10
Certification
.
By signing below I certify
that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course
of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control
of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction
having that purpose or effect.
SIGNATURE
After reasonable inquiry
and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and
correct.
Date: January 10, 2019
PACIFIC INVESTMENT MANAGEMENT
COMPANY LLC
By:
/s/ Karen Aspinall
Karen Aspinall,
Executive Vice President,
Deputy General Counsel
[1]
The shares reported herein for the Reporting Person represent
4,309,464 shares of the Issuer’s Common Stock that the Reporting Person has the right to acquire through the exercise of
warrants dated December 27, 2018 (the “Warrant Shares”).
[2]
The
number
of shares outstanding for purposes of this percentage calculation assumes (i) 35,553,086 outstanding shares of Common Stock of
the Issuer, based on the Issuer’s representation to the Reporting Person as of December 27, 2018, plus (ii) the Warrant Shares
the Reporting Person may acquire upon the exercise of warrants.