SEC Form 4 · accession 0001209191-15-076653
ZIX CORP · ZIXI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Spurr
Officer — CEO · Director
Period of report
Oct 21, 2015
Accepted (ET)
Oct 23, 2015 · 9:20 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 21, 2015 | M | 38,950 | $3.45 | A | 389,497 | D | |
| Common StockF1 | Oct 21, 2015 | S | 38,950 | $5.25 | D | 350,547 | D | |
| Conmon Stock | Oct 21, 2015 | M | 100 | $3.86 | A | 350,647 | D | |
| Common Stock | Oct 21, 2015 | S | 100 | $5.35 | 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 OptionsF2 | $3.45 | Oct 21, 2015 | M | 38,950 | D | — | Feb 20, 2023 | Common Stock | 38,950 | 61,050 | D |
| Common Stock OptionsF3 | $3.86 | Oct 21, 2015 | M | 100 | D | — | Jul 27, 2021 | Common Stock | 100 | 99,900 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.25 to $5.31, 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.
- F2Grant of 100,000 options on February 21, 2013 vested pro-rata and quarterly over four years.
- F3Grant of 100,000 options on July 28, 2011 vested quarterly and pro-rata over three years.