SEC Form 4 · accession 0001209191-15-051433
ZIX CORP · ZIXI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dave Robertson
Officer — Vice President
Period of report
Jun 5, 2015
Accepted (ET)
Jun 9, 2015 · 4:25 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 5, 2015 | M | 63,946 | $3.00 | A | 262,330 | D | |
| Common StockF1,F2 | Jun 5, 2015 | S | 63,946 | $4.75 | D | 198,384 | D | |
| Common Stock | Jun 8, 2015 | M | 34,154 | $3.00 | A | 232,538 | D | |
| Common StockF1,F3 | Jun 8, 2015 | S | 34,154 | $4.78 | D | 198,384 | D | |
| Common Stock | Jun 9, 2015 | M | 1,900 | $3.00 | A | 200,284 | D | |
| Common StockF1 | Jun 9, 2015 | S | 1,900 | $4.75 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock OptionsF4 | $3.00 | Jun 5, 2015 | M | 63,946 | D | — | Feb 21, 2016 | Common Stock | 63,946 | 36,054 | D |
| Common Stock OptionsF4 | $3.00 | Jun 8, 2015 | M | 34,154 | D | — | Feb 21, 2016 | Common Stock | 34,154 | 1,900 | D |
| Common Stock OptionsF4 | $3.00 | Jun 9, 2015 | M | 1,900 | D | — | Feb 21, 2016 | Common Stock | 1,900 | 0 | D |
Explanation of responses
- F1These shares were sold pursuant to a pre-arranged trading plan dated May 1, 2015, that is intended to comply with Rule 10b5-1.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.75 to $4.76, 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 sold at each separate price within such range.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.75 to $4.80, 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 sold at each separate price within such range.
- F4Grant of 100,000 options on February 22, 2006, vested quarterly and pro-rata over three years.