SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Chen Connie L

(Last) (First) (Middle)
C/O QUOTIENT TECHNOLOGY INC.
400 LOGUE AVENUE

(Street)
MOUNTAIN VIEW CA 94043

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Quotient Technology Inc. [ QUOT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
GC, Sec. and Comp. Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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
Common Stock 03/01/2021 A 6,284(1) A $0.00 262,857 D
Common Stock 03/01/2021 F 2,174(2) D $14.06 260,683 D
Common Stock 03/01/2021 A 53,342(3) A $0.00 314,025 D
Common Stock 03/01/2021 F 951(4) D $14.06 313,074 D
Common Stock 03/01/2021 F 899(5) D $14.06 312,175 D
Common Stock 03/01/2021 F 1,445(6) D $14.06 310,730 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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 (Month/Day/Year) 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: 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
Explanation of Responses:
1. Represents shares received upon the settlement of a grant of fully-vested RSU award on March 1, 2021 (the "Bonus RSU award"). The Bonus RSU award was granted per the terms of the Issuer's Performance Incentive Bonus Plan.
2. Represents the number of shares withheld by and surrendered to the Issuer on March 1, 2021, to satisfy tax withholding obligations that arose in connection with the receipt of the Bonus RSU award.
3. Represents grant of the RSU award payable solely in common stock of the Issuer that vest in 6.25% quarterly installments over a four-year period from March 1, 2021.
4. Represents the number of shares withheld by and surrendered to the Issuer on March 1, 2021, to satisfy tax withholding obligations that arose in connection with a vesting event from the RSU award granted on March 1, 2018. The RSU award for 40,000 shares in total vests in 6.25% quarterly installments over a four-year period from March 1, 2018.
5. Represents the number of shares withheld by and surrendered to the Issuer on March 1, 2021, to satisfy tax withholding obligations that arose in connection with a vesting event from the RSU award granted on March 1, 2019. The RSU award for 42,671 shares in total vests in 6.25% quarterly installments over a four-year period from March 1, 2019.
6. Represents the number of shares withheld by and surrendered to the Issuer on March 1, 2021, to satisfy tax withholding obligations that arose in connection with a vesting event from the RSU award granted on March 1, 2020. The RSU award for 67,039 shares in total vests in 6.25% quarterly installments over a four-year period from March 1, 2020.
Remarks:
/s/ Connie Chen 03/03/2021
** Signature of Reporting Person Date
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.
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