SEC Form 4 · accession 0001209191-15-076768
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
Oct 22, 2015
Accepted (ET)
Oct 26, 2015 · 4:38 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 22, 2015 | M | 56,572 | $2.05 | A | 60,712 | D | |
| Common StockF1 | Oct 22, 2015 | S | 56,572 | $5.01 | D | 4,140 | D | |
| Common Stock | Oct 22, 2015 | M | 7,504 | $2.49 | A | 11,644 | D | |
| Common Stock | Oct 22, 2015 | S | 7,504 | $5.00 | D | 4,140 | D | |
| Common Stock | Oct 23, 2015 | M | 2,246 | $2.49 | A | 6,386 | D | |
| Common StockF2 | Oct 23, 2015 | S | 2,246 | $5.00 | D | 4,140 | D | |
| Common Stock | Oct 23, 2015 | M | 25,000 | $2.93 | A | 29,140 | D | |
| Common StockF3 | Oct 23, 2015 | S | 25,000 | $5.00 | D | 4,140 | 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 | $2.05 | Oct 22, 2015 | M | 56,572 | D | — | Feb 17, 2020 | Common Stock | 56,572 | 0 | D |
| Common Stock OptionsF5 | $2.49 | Oct 22, 2015 | M | 7,504 | D | — | Jul 25, 2022 | Common Stock | 7,504 | 5,496 | D |
| Common Stock OptionsF5 | $2.49 | Oct 23, 2015 | M | 2,246 | D | — | Jul 25, 2022 | Common Stock | 2,246 | 3,250 | D |
| Common Stock OptionsF6 | $2.93 | Oct 23, 2015 | M | 25,000 | D | — | Mar 7, 2022 | Common Stock | 25,000 | 0 | 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 $5.00 to $5.05, 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.00 to $5.01, 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 $5.00 to $5.02, 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 sold at each separate price within such range.
- F4Grant of 56,572 options on February 18, 2010 vested pro-rata and quarterly over three years.
- F5Grant of 13,000 options on July 26, 2012 vest pro-rata and quarterly over four years.
- F6Grant of 25,000 options on March 8, 2012 vested pro-rata and quarterly over three years.