SEC Form 4 · accession 0001209191-18-011879
VirnetX Holding Corp · VHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kendall Larsen
Officer — President & CEO · Director · 10% Owner
Period of report
Feb 16, 2018
Accepted (ET)
Feb 21, 2018 · 4:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001082324
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1 | $3.55 | Feb 16, 2018 | A | 220,000 | A | — | Feb 16, 2028 | Common Stock | 220,000 | 220,000 | D |
| Stock Option (Right to Buy)F1 | $3.55 | Feb 16, 2018 | A | 300,000 | A | — | Feb 16, 2028 | Common Stock | 300,000 | 300,000 | I |
Explanation of responses
- F11/48 of the total number of shares subject to the option shall vest and become exercisable each month after the vesting commencement date on the same day as the vesting commencement date, so long as the individual's continuous status as a Service Provider (as defined in the Issuer's 2013 Equity Incentive Plan, or the "Plan") has not terminated prior to each such date. If a Change in Control (as defined in the Plan) occurs, all of the shares underlying this option then unvested as of the date of the Change in Control, will vest and become exercisable immediately prior to the consummation of the Change in Control transaction. This option grant was made after review of options that recently expired by their terms.