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