SEC Form 4 · accession 0001209191-15-077174
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 26, 2015
Accepted (ET)
Oct 28, 2015 · 5:59 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 26, 2015 | M | 40,000 | $2.49 | A | 390,547 | D | |
| Common StockF1 | Oct 26, 2015 | S | 40,000 | $5.06 | D | 350,547 | D | |
| Common Stock | Oct 27, 2015 | M | 27,300 | $2.49 | A | 377,847 | D | |
| Common StockF2 | Oct 27, 2015 | S | 27,300 | $5.07 | D | 350,547 | D | |
| Common Stock | Oct 28, 2015 | M | 37,646 | $2.49 | A | 388,193 | D | |
| Common StockF3 | Oct 28, 2015 | S | 37,646 | $5.10 | 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 OptionsF4 | $2.49 | Oct 26, 2015 | M | 40,000 | D | — | Jul 25, 2022 | Common Stock | 40,000 | 111,821 | D |
| Common Stock OptionsF4 | $2.49 | Oct 27, 2015 | M | 27,300 | D | — | Jul 25, 2022 | Common Stock | 27,300 | 84,521 | D |
| Common Stock OptionsF4 | $2.49 | Oct 28, 2015 | M | 37,646 | D | — | Jul 25, 2022 | Common Stock | 37,646 | 46,875 | 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 $5.04 to $5.11, 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 $5.05 to $5.11, 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 $5.09 to $5.13, 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 250,000 options on July 26, 2012 vest quarterly and pro-rata over four years.