SEC Form 4 · accession 0001567619-18-004722
PROOFPOINT INC · PFPT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Blake P. Salle
Officer — EVP, Worldwide Sales
Period of report
Oct 25, 2018
Accepted (ET)
Oct 29, 2018 · 6:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001212458
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | $0.00 | Oct 25, 2018 | A | 30,000 | A | — | — | Common Stock | 30,000 | 30,000 | D |
| Restricted Stock UnitsF1,F3 | $0.00 | Oct 29, 2018 | A | 4,000 | A | — | — | Common Stock | 4,000 | 4,000 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
- F2The RSUs vest annually as to 1/4th of the total RSUs in equal installments, with the first 1/4th vesting on October 25, 2019. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
- F3The RSUs vest annually as to 1/4th of the total RSUs in equal installments, with the first 1/4th vesting on July 1, 2019. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.