SEC Form 4 · accession 0001140361-17-021628
PROOFPOINT INC · PFPT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary Steele
Officer — Chief Executive Officer · Director
Period of report
May 18, 2017
Accepted (ET)
May 19, 2017 · 5:44 pm EDT
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 | May 18, 2017 | M | 13,229 | $3.06 | A | 61,780 | D | |
| Common Stock | May 18, 2017 | M | 26,771 | $3.06 | A | 88,551 | D | |
| Common StockF2,F3 | May 18, 2017 | S | 40,000 | $80.3781 | D | 48,551 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (right to buy)F4 | $3.06 | May 18, 2017 | M | 13,229 | D | — | Mar 16, 2019 | Common Stock | 13,229 | 0 | D |
| Incentive Stock Option (right to buy)F4 | $3.06 | May 18, 2017 | M | 26,771 | D | — | Jan 27, 2019 | Common Stock | 26,771 | 5,908 | D |
Explanation of responses
- F1The transactions reported on this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on December 7, 2016.
- F2Represents the aggregate of sales effected on the same day at different prices.
- F3Represents the weighted average sales price per share. The shares sold at prices ranging from $79.64 to $80.63 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- F4The stock option is immediately exercisable in full.