Qumu (QUMU) director Lucas bought 328,263 shares for $809K at an average $2.46

Insider transactions reported

Kenan Lucas (director at Qumu Corporation, QUMU) reported that they bought 328,263 shares for $809K at an average $2.46 between Aug 11, 2021 and Aug 13, 2021. After these transactions the filing shows 1,738,884 shares held indirectly (See footnote).

Reporting person

Lucas Kenan

Holdings before and after

• Common Stock, $0.01 par value: 1,410,621 to 1,738,884 indirect, See footnote

Footnotes from the filing

1. 1. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices within the range from $2.36 to $2.4801 per share, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price.
2. 2. The amount of securities beneficially owned following reported transactions (the Reported Shares ) includes 43,099 shares of common stock received by Kenan Lucas in lieu of a portion of his annual board compensation. These 43,099 shares were assigned to Harbert Fund Advisors, Inc. ( HFA ), and are held in an affiliated brokerage account for the benefit of the investors of Harbert Discovery Fund, LP (the Fund ).
3. 3. The Reported Shares (other than the 43,099 shares referenced in footnote (2)) are held in the account of the Fund and may be deemed to be beneficially owned by (i) Harbert Discovery Fund GP, LLC (the Fund GP ), the general partner of the Fund, (ii) HFA, the investment adviser to the Fund, (iii) Harbert Management Corporation ( HMC ), the managing member of the Fund GP and (iv) Kenan Lucas, the managing director and portfolio manager of the Fund GP and a director of the Issuer.

Transaction codes in this filing

Open-market purchase:

Code P marks a purchase in the open market or a private deal. The insider paid for these securities.

FAQ