X0306 4 2016-08-03 0 0001596946 Quotient Ltd QTNT 0001226486 COWAN D J PAUL E ELIZABETH HOUSE, 9 CASTLE STREET ST. HELIER Y9 JE2 3RT JERSEY 1 1 1 0 See Remarks Ordinary Shares 26666 D Ordinary Shares 2016-08-03 4 P 0 45455 5.50 A 3558509 I By spouse Employee Stock Option (right to buy) 11.92 2026-05-31 Ordinary Shares 35000 35000 D Multi-year Performance Based Restricted Stock Units 2018-12-31 Ordinary Shares 42000 42000 D Multi-year Performance Based Restricted Stock Units 2018-12-31 Ordinary Shares 42000 42000 D Employee Stock Option (right to buy) 15.17 2025-05-19 Ordinary Shares 35000 35000 D Option to purchase ordinary shares 3.29 2024-06-27 Ordinary Shares 123431 123431 D Employee Stock Option (right to buy) 8.00 2024-04-29 Ordinary Shares 90000 90000 D Deidre Cowan, Mr. Cowan's spouse, exercises sole voting and dispositive power over the shares. The options will vest and become exercisable in three equal annual installments beginning on June 1, 2017. Each Multi-year Performance Based Restricted Stock Unit ("MRSU") represents a contingent right to receive one share of Quotient's ordinary shares. The MRSUs vest upon Quotient's ordinary shares achieving a volume weighted average market price of $40.00 per share for 20 consecutive trading days during the period April 1, 2018 to December 31, 2018. Each MRSU represents a contingent right to receive one share of Quotient ordinary shares. The MRSUs vest upon Quotient's ordinary shares achieving a volume weighted average market price of $60.00 per share for 20 consecutive trading days during the period April 1, 2018 to December 31, 2018. 11,667 options vested on 5/20/2016 and remain exercisable, 11,667 options will vest on 5/20/2017, 11,666 options will vest on 5/20/2018. All 123,431 options have vested and remain exercisable. 60,000 options have vested and remain exercisable, 30,000 options will vest on 4/29/2017. Chief Executive Officer and Chairman of the Board of Directors /s/ Paul Cowan 2016-08-04