0001437749-16-035526.txt : 20160722 0001437749-16-035526.hdr.sgml : 20160722 20160722133917 ACCESSION NUMBER: 0001437749-16-035526 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160721 FILED AS OF DATE: 20160722 DATE AS OF CHANGE: 20160722 ISSUER: 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 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 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: LOPKER KARL F CENTRAL INDEX KEY: 0001080338 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35013 FILM NUMBER: 161779339 MAIL ADDRESS: STREET 1: 100 INNOVATION PLACE CITY: SANTA BARBARA STATE: CA ZIP: 93108 4 1 rdgdoc.xml EXCHANGE X0306 4 2016-07-21 0001036188 QAD INC QADA, QADB 0001080338 LOPKER KARL F 100 INNOVATION PLACE SANTA BARBARA CA 93108 1 1 1 CEO Class A Common Stock ($0.001 par value) 2016-07-21 4 S 0 208240 D 5142595 D Class B Common Stock ($0.001 par value) 2016-07-21 4 P 0 245765 A 2236535 D Class A Common Stock ($0.001 par value) 103860 D Class B Common Stock ($0.001 par value) 30441 D Class A Common Stock ($0.001 par value) 514140 I Lopker Family Foundation Class B Common Stock ($0.001 par value) 19828 I Lopker Family Foundation Class A Common Stock ($0.001 par value) 5084 I Lopker Family 1997 Charitable Remainder Trust Class B Common Stock ($0.001 par value) 1247 I Lopker Family 1997 Charitable Remainder Trust Class A Common Stock ($0.001 par value) 103511 I By spouse Class B Common Stock ($0.001 par value) 30193 I By spouse The transactions reported in this statement are with respect to different classes of securities and, therefore, are not matchable transactions for purposes of Section 16(b) of the Securities Exchange Act of 1934, as amended (the "ACT"). See Gibbons v Malone, 801 F.Supp 2d 243 (S.D.N.Y. 2011), aff'd, 703 F.3d 595 (2d Cir. 2013). Pursuant to certain share exchange agreements dated July 20, 2016 (the "Exchange Agreements") by and between Pamela M. Lopker and Karl F. Lopker, as Trustees of the Lopker Living Trust dated November 18, 2013 (the "Lopker Trust"), and certain shareholders of QAD Inc. (the "Issuer") who are managed by a common advisor, such shareholders agreed to transfer, in the aggregate, 245,765 shares of Class B Common Stock of the Issuer, par value $0.001 per share ("Class B Shares"), to the Lopker Trust, and the Lopker Trust agreed to transfer, in the aggregate, 208,240 shares of Class A Common Stock of the Issuer, par value $0.001 per share ("Class A Shares"), to such shareholders. The transfer of Class B Shares in exchange for the transfer of Class A Shares closed on July 21, 2016, which were arms-length transactions for in-kind rather than cash consideration and, accordingly, do not have a per-share price. This exchange is being reported on a Form 4 for both Karl F. Lopker and Pamela M. Lopker, who act as joint trustees of the Lopker Living Trust. /s/ Betty Weinert, attorney in fact for Karl F. Lopker 2016-07-22