SEC Form 4 · accession 0001209191-19-004256
VirnetX Holding Corp · VHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert D Short III
Officer — CTO and Chief Scientist · Director
Period of report
Jan 15, 2019
Accepted (ET)
Jan 17, 2019 · 5:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001082324
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 15, 2019 | M | 35,000 | $1.15 | A | 115,866 | D | |
| Common StockF2 | Jan 15, 2019 | S | 10,428 | $4.7146 | D | 105,438 | D | |
| Common StockF3 | Jan 15, 2019 | S | 21,474 | $5.6091 | D | 83,964 | D | |
| Common StockF4 | Jan 15, 2019 | S | 3,098 | $6.3468 | D | 80,866 | D | |
| Common Stock | holding | — | — | — | 97,045 | I | By: The Short Revocable Living Trust |
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)F5 | $1.15 | Jan 15, 2019 | M | 35,000 | D | — | Apr 2, 2019 | Common Stock | 35,000 | 13,391 | D |
Explanation of responses
- F1The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2Sale prices ranged from $4.23 to $5.22 per share. Sale price listed represents the weighted average sale price of 10,428 shares sold. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the shares sold at each separate price.
- F3Sale prices ranged from $5.23 to $6.20 per share. Sale price listed represents the weighted average sale price of 21,474 shares sold. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the shares sold at each separate price.
- F4Sale prices ranged from $6.23 to $6.40 per share. Sale price listed represents the weighted average sale price of 3,098 shares sold. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the shares sold at each separate price.
- F5The shares subject to the option are fully vested and exercisable.