<SEC-DOCUMENT>0001193125-15-253550-index.html : 20150715
<SEC-HEADER>0001193125-15-253550.hdr.sgml : 20150715
<ACCEPTANCE-DATETIME>20150715152259
ACCESSION NUMBER:		0001193125-15-253550
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20150715
DATE AS OF CHANGE:		20150715
GROUP MEMBERS:		PALOGIC CAPITAL MANAGEMENT, LLC
GROUP MEMBERS:		PALOGIC VALUE FUND, L.P.
GROUP MEMBERS:		RYAN L. VARDEMAN

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			QAD INC
		CENTRAL INDEX KEY:			0001036188
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				770105228
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-57385
		FILM NUMBER:		15989246

	BUSINESS ADDRESS:	
		STREET 1:		100 INNOVATION PLACE
		CITY:			SANTA BARBARA
		STATE:			CA
		ZIP:			93108
		BUSINESS PHONE:		8055666000

	MAIL ADDRESS:	
		STREET 1:		100 INNOVATION PLACE
		CITY:			SANTA BARBARA
		STATE:			CA
		ZIP:			93108

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Palogic Value Management, L.P.
		CENTRAL INDEX KEY:			0001532943
		IRS NUMBER:				205611076
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		5310 HARVEST HILL ROAD
		STREET 2:		SUITE 110
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75230
		BUSINESS PHONE:		(214) 871-2700

	MAIL ADDRESS:	
		STREET 1:		5310 HARVEST HILL ROAD
		STREET 2:		SUITE 110
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75230
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>d48929dsc13ga.htm
<DESCRIPTION>SC 13G/A
<TEXT>
Document 1 - file: d48929dsc13ga.htm

</DOCUMENT>
</SEC-DOCUMENT>