SEC Form 4 · accession 0001209191-15-017342
ZIX CORP · ZIXI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Russell J Morgan
Officer — Vice President
Period of report
Feb 19, 2015
Accepted (ET)
Feb 23, 2015 · 5:24 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 | M | 3,750 | $0.00 | A | 7,991 | D | |
| Common Stock | Feb 20, 2015 | F | 1,741 | $3.81 | D | 6,250 | D | |
| Common Stock | Feb 21, 2015 | M | 8,750 | $0.00 | A | 15,000 | D | |
| Common Stock | Feb 21, 2015 | F | 4,061 | $3.81 | D | 10,939 | 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,F3 | — | Feb 19, 2015 | A | 30,000 | A | — | — | Common Stock | 30,000 | 30,000 | D |
| Restricted Stock UnitsF1,F3 | — | Feb 20, 2015 | M | 3,750 | D | — | — | Common Stock | 3,750 | 11,250 | D |
| Restricted Stock UnitsF1,F3 | — | Feb 21, 2015 | M | 8,750 | D | — | — | Common Stock | 8,750 | 17,500 | 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.
- F3Granted under the 2012 Incentive Plan. Share delivery (vesting) is pro-rata over four years from grant date, subject to acceleration under conditions described in that Plan.