SEC Form 4 · accession 0001140361-17-004423
PROOFPOINT INC · PFPT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul R. Auvil III
Officer — Chief Financial Officer
Period of report
Feb 1, 2017
Accepted (ET)
Feb 3, 2017 · 6:28 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001212458
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 1, 2017 | M | 10,000 | $0.00 | A | 535,229 | D | |
| Common Stock | Feb 1, 2017 | M | 4,250 | $0.00 | A | 539,479 | D | |
| Common Stock | Feb 1, 2017 | M | 4,000 | $0.00 | A | 543,479 | D | |
| Common Stock | Feb 1, 2017 | F | 9,525 | $80.09 | D | 533,954 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F6 | $0.00 | Feb 1, 2017 | M | 10,000 | D | — | — | Common Stock | 10,000 | 10,000 | D |
| Restricted Stock UnitsF5,F7 | $0.00 | Feb 1, 2017 | M | 4,250 | D | — | — | Common Stock | 4,250 | 8,500 | D |
| Restricted Stock UnitsF5,F8 | $0.00 | Feb 1, 2017 | M | 4,000 | D | — | — | Common Stock | 4,000 | 12,000 | D |
Explanation of responses
- F1Vesting of restricted stock units ("RSUs") granted to the Reporting Person on March 17, 2014.
- F2Vesting of RSUs granted to the Reporting Person on March 24, 2015.
- F3Vesting of RSUs granted to the Reporting Person on March 29, 2016.
- F4Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
- F5Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
- F6The RSUs vest as to 1/4th of the total number of shares on February 1, 2015 and thereafter will vest as to 1/4th of the total number of shares in equal annual installments. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
- F7The RSUs vest as to 1/4th of the total number of shares on February 1, 2016 and thereafter will vest as to 1/4th of the total number of shares in equal annual installments. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
- F8The RSUs vest as to 1/4th of the total number of shares on February 1, 2017 and thereafter will vest as to 1/4th of the total number of shares in equal annual installments. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.