SEC Form 4 · accession 0001209191-15-017233
ZIX CORP · ZIXI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dave Robertson
Officer — Vice President
Period of report
Feb 19, 2015
Accepted (ET)
Feb 23, 2015 · 4:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000855612
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 20, 2015 | F | 3,265 | $3.81 | D | 203,158 | D | |
| Common Stock | Feb 21, 2015 | F | 4,774 | $3.81 | D | 198,384 | 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 UnitsF1,F2 | — | Feb 19, 2015 | A | 40,000 | A | — | — | Common Stock | 40,000 | 40,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of ZIXI common stock.
- F2Grant under 2012 Incentive Plan consists of 50% RSUs that will vest pro-rata over 3 years and 50% RSUs that will vest up to 1/3 each year the Company meets New First Year Orders performance goals in 2015-2017, subject to acceleration under conditions described in that Plan.