0001104659-19-058572.txt : 20191031 0001104659-19-058572.hdr.sgml : 20191031 20191031205213 ACCESSION NUMBER: 0001104659-19-058572 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191029 FILED AS OF DATE: 20191031 DATE AS OF CHANGE: 20191031 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BRONSON STEVEN N CENTRAL INDEX KEY: 0001000383 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35810 FILM NUMBER: 191184963 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: QUALSTAR CORP CENTRAL INDEX KEY: 0000758938 STANDARD INDUSTRIAL CLASSIFICATION: MAGNETIC & OPTICAL RECORDING MEDIA [3695] IRS NUMBER: 953927330 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1267 FLYNN ROAD CITY: CAMARILLO STATE: CA ZIP: 93012 BUSINESS PHONE: 805-583-7744 MAIL ADDRESS: STREET 1: 1267 FLYNN ROAD CITY: CAMARILLO STATE: CA ZIP: 93012 4 1 a4.xml 4 X0306 4 2019-10-29 0 0000758938 QUALSTAR CORP QBAK 0001000383 BRONSON STEVEN N 1221 BRICKELL AVENUE, SUITE 900 MIAMI FL 33131 1 1 1 0 COB, CEO, President Restricted Stock Units (''RSUs'') 2019-10-29 4 A 0 50000 0 A Common Stock 50000 50000 D Each restricted stock unit represents a contingent right to one share of Qualstar Corporation common stock. For each of the fiscal years ended December 31, 2019 and December 31, 2020, RSUs for 25,000 shares of the Company's Common Stock shall vest and become issuable subject to the Company's achievement of financial and performance objectives for the applicable fiscal year established by the Compensation Committee of the Company's Board of Directors. Whether recipient's RSUs for the applicable fiscal year become vested and issuable shall be determined solely in the discretion of the Compensation Committee, or if such committee does not then exist at the time of determination, the Company's Board of Directors (excluding Executive). Subject to Sections 9.7(b) and 9.7(d) of that certain Employment Agreement entered into on April 13, 2019 by and between the Company and Steven N. Bronson, any such RSUs shall not be earned by or vest in recipient until the date such number, if any, is determined by the Compensation Committee. /s/Steven N. Bronson 2019-10-31