Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  COWAN D J PAUL E
 2. Date of Event Requiring Statement (Month/Day/Year)
04/24/2014		 3. Issuer Name and Ticker or Trading Symbol
Quotient Ltd [QTNT]
(Last)
(First)
(Middle)
ELIZABETH HOUSE, 9 CASTLE STREET		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
See Remarks
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

ST. HELIER, Y9 JE2 3RT		 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 Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Ordinary shares 26,666
D
 
Ordinary shares 3,513,054
I
By spouse (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Option to purchase ordinary shares   (2) 06/27/2023 Ordinary shares 178,417 $ 3.29 D  
Option to purchase ordinary shares 11/14/2014 08/30/2024 Ordinary shares 20,014 $ 0.91 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
COWAN D J PAUL E
ELIZABETH HOUSE, 9 CASTLE STREET
ST. HELIER, Y9 JE2 3RT		   X   X   See Remarks  

Signatures

/s/ Paul Cowan 04/24/2014
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) Deidre Cowan, Mr. Cowan's spouse, exercises sole voting and dispositive power over the shares.
(2) 59,472 options will vest on 6/28/14, 59,472 options will vest on 6/28/15, 59,473 options will vest on 6/28/16
 
Remarks:
Chief Executive Officer and Chairman of the Board of Directors

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