Quotient Limited
Quotient Ltd (Form: 4, Received: 05/26/2017 17:41:06)
FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Farrell Edward
2. Issuer Name and Ticker or Trading Symbol

Quotient Ltd [ QTNT ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
President
(Last)          (First)          (Middle)

ELIZABETH HOUSE, 9 CASTLE STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

5/24/2017
(Street)

ST HELIER, Y9 JE2 3RT
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares                  2133   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy)   $11.92                      (1) 5/31/2026   Ordinary Shares   30000     30000   D    
Multi-year Performance Based Restricted Stock Units     (2)                    (2) 12/31/2018   Ordinary Shares   50000     50000   D    
Multi-year Performance Based Restricted Stock Units     (3)                    (3) 12/31/2018   Ordinary Shares   35000     35000   D    
Employee Stock Option (right to buy)   $15.17                      (4) 5/19/2025   Ordinary Shares   30000     30000   D    
Options to acquire ordinary shares     (5)                    (6) 4/10/2023   Ordinary Shares   96000     96000   D    
Employee Stock Option (right to buy)   $8.00                      (7) 4/29/2024   Ordinary Shares   79000     79000   D    
Employee Stock Option (right to buy)   $7.58   5/24/2017     A      40000         (8) 5/23/2027   Ordinary Shares   40000   $0.00   40000   D    
Multi-year Performance Based Restricted Stock Unit     (9) 5/24/2017     A      50000         (9) 12/31/2019   Ordinary Shares   50000   $0.00   50000   D    

Explanation of Responses:
(1)  The options will vest and become exercisable in three equal annual installments beginning on June 1, 2017.
(2)  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.
(3)  Each 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 $60.00 per share for 20 consecutive trading days during the period April 1, 2018 to December 31, 2018.
(4)  20,000 options have vested and remain exercisable, 10,000 will vest on 5/20/2018.
(5)  The exercise price will be paid in pounds sterling, at GBP0.003 per share.
(6)  All 96,000 options have vested and remain exercisable.
(7)  All 79,000 options have vested and remain exercisable.
(8)  The options will vest and become exercisable in three equal annual installments beginning on May 24, 2018.
(9)  Each 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 $22.00 per share for 20 consecutive trading days during the period April 1, 2019 to December 31, 2019.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Farrell Edward
ELIZABETH HOUSE, 9 CASTLE STREET
ST HELIER, Y9 JE2 3RT


President

Signatures
/s/ Edward Farrell 5/26/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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