SEC Form 4 · accession 0001209191-15-026207

ZIX CORP · ZIXI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Richard Spurr

Officer — CEO · Director

Period of report

Mar 11, 2015

Accepted (ET)

Mar 13, 2015 · 6:20 pm EDT

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
Common Stock	Mar 11, 2015	M	71,344	$3.78	A	421,891	D
Common Stock^F1	Mar 11, 2015	S	71,344	$3.96	D	350,547	D
Common Stock	Mar 12, 2015	M	95,240	$3.78	A	445,787	D
Common Stock^F2	Mar 12, 2015	S	95,240	$3.99	D	350,547	D
Common Stock	Mar 13, 2015	M	59,639	$3.78	A	410,186	D
Common Stock^F3	Mar 13, 2015	S	59,639	$3.91	D	350,547	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Common Stock Option^F4	$3.78	Mar 11, 2015	M	71,344	D	—	Mar 22, 2015	Common Stock	71,344	154,879	D
Common Stock Option^F4	$3.78	Mar 12, 2015	M	95,240	D	—	Mar 22, 2015	Common Stock	95,240	59,639	D
Common Stock Option^F4	$3.78	Mar 13, 2015	M	59,639	D	—	Mar 22, 2015	Common Stock	59,639	0	D

Explanation of responses

F1The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.95 to $3.99, inclusive. The reporting person undertakes to provide to Zix Corporation, any security holder of Zix Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) to this Form 4.
F2The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.95 to $4.02, inclusive. The reporting person undertakes to provide to Zix Corporation, any security holder of Zix Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) to this Form 4.
F3The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.90 to $3.98, inclusive. The reporting person undertakes to provide to Zix Corporation, any security holder of Zix Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) to this Form 4.
F4Grant of 350,000 options on March 23, 2005 vested quarterly and pro-rata over three years. These options expire March 22, 2015.