Sec Form 3 Filing - Wold Jim @ QUANTUM CORP /DE/ - 2007-03-29

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 3
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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Wold Jim
2. Issuer Name and Ticker or Trading Symbol
QUANTUM CORP /DE/ [ QTM]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP, RSA
(Last) (First) (Middle)
QUANTUM CORPORATION, 1650 TECHNOLOGY DRIVE, SUITE 700
3. Date of Earliest Transaction (MM/DD/YY)
03/29/2007
(Street)
SAN JOSE, CA95110
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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
Common Stock 23,686 D
Common Stock ( 1 ) 10,500 D
Common Stock ( 2 ) 21,250 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Non Qualified Stock Option (Right to Buy) $ 2.65 02/01/2006( 3 ) 01/18/2012 Common Stock ( 4 ) 75,000 D
Non Qualified Stock Option (Right to Buy) $ 2.76 02/25/2005( 5 ) 01/25/2012 Common Stock ( 4 ) 52,500 D
Non Qualified Stock Option (Right to Buy) $ 2.62 07/01/2005( 5 ) 05/31/2012 Common Stock ( 4 ) 400,000 D
Non Qualified Stock Option (Right to Buy) $ 2.92 08/01/2005( 5 ) 06/28/2012 Common Stock ( 4 ) 62,500 D
Restricted Stock Units ( 6 ) $ 0 08/22/2007( 7 ) ( 7 ) Common Stock ( 6 ) 80,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Wold Jim
QUANTUM CORPORATION
1650 TECHNOLOGY DRIVE, SUITE 700
SAN JOSE, CA95110
SVP, RSA
Signatures
Shawn Hall, attorney-in-fact 04/09/2007
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Restricted Stock Award granted on January 25, 2005 under Rule 16b-3. Restricted stock will vest 25% annually over three years beginning on January 25, 2006.
( 2 )Restricted Stock Award granted on June 28, 2005 under Rule 16b-3. Restricted stock will vest 25% annually over four years beginning on July 1, 2006.
( 3 )Stock option vests 25% on the first anniversary and monthly thereafter at a rate of 1/48th per month for the remaining three years.
( 4 )Right to buy under Rule 16b-3 plan.
( 5 )Stock option vests monthly in equal installments over 4 years.
( 6 )Restricted Stock Units convert to shares of Common Stock on a 1-for-1 basis.
( 7 )Restricted Stock Units will vest over a period of two years, as follows: the first 50% will vest on August 22, 2007 and the remaining 50% on August 22, 2008.

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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.