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*
Stackawitz Jeremy

(Last) (First) (Middle)
C/O QUOTIENT LIMITED
28 ESPLANADE

(Street)
ST HELIER Y9 JE2 3QA

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Quotient Ltd [ QTNT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Commercial Officer
3. Date of Earliest Transaction (Month/Day/Year)
05/24/2021
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
Ordinary Shares 05/24/2021 M 36,988 A (5) 149,914 D
Ordinary Shares 05/24/2021 F(10) 11,195 D $4.45 138,719 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
Employee Stock Option (right to buy) $11.92 (1) 05/31/2026 Ordinary Shares 20,000 20,000 D
Employee Stock Option (right to buy) $15.17 (2) 05/19/2025 Ordinary Shares 22,500 22,500 D
Employee Stock Option (right to buy) $8 (3) 04/29/2024 Ordinary Shares 60,000 60,000 D
Employee Stock Option (right to buy) $7.58 (4) 05/23/2027 Ordinary Shares 40,000 40,000 D
Restricted Stock Units (5) 05/24/2021 M 10,321 (6) (6) Ordinary Shares 10,321 $0.00 0 D
Restricted Stock Units (5) 05/24/2021 M 11,667 (7) (7) Ordinary Shares 11,667 $0.00 11,666 D
Restricted Stock Units (5) 05/24/2021 M 15,000 (8) (8) Ordinary Shares 15,000 $0.00 30,000 D
Ordinary Share Option (Right to Buy) $4.72 (9) 10/31/2030 Ordinary Shares 30,000 30,000 D
Explanation of Responses:
1. All 20,000 options have vested and remain exercisable.
2. All 22,500 options have vested and remain exercisable.
3. All 60,000 options have vested and remain exercisable.
4. All 40,000 options have vested and remain exercisable.
5. Restricted Stock Units convert into ordinary shares on a one-for-one basis.
6. On May 24, 2018, the Reporting Person was granted 30,961 Restricted Stock Units, all of which have vested and have been exercised.
7. On May 24, 2019, the Reporting Person was granted 35,000 Restricted Stock Units, of which 23,334 have vested and have been exercised. The remaining 11,666 will vest on May 24, 2022.
8. On May 24, 2020, the Reporting Person was granted 45,000 Restricted Stock Units, of which 15,000 have vested and have been exercised. The remaining 30,000 Restricted Stock Units will vest in two equal installments on May 24, 2022 and May 24, 2023.
9. The option vests and becomes exercisable in three equal annual installments beginning October 31, 2021.
10. Represents shares withheld to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of restricted stock units.
Remarks:
/s/ Jeremy Stackawitz 05/25/2021
** 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.
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 Number.