SEC Form 4 · accession 0001209191-15-079433
ZIX CORP · ZIXI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Spurr
Officer — CEO · Director
Period of report
Nov 6, 2015
Accepted (ET)
Nov 10, 2015 · 7:33 pm EST
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 | Nov 6, 2015 | M | 71,277 | $4.00 | A | 421,824 | D | |
| Common StockF1 | Nov 6, 2015 | S | 71,277 | $5.18 | D | 350,547 | D | |
| Common Stock | Nov 9, 2015 | M | 10,900 | $4.00 | A | 361,447 | D | |
| Common StockF2 | Nov 9, 2015 | S | 10,900 | $5.21 | D | 350,547 | D | |
| Common Stock | Nov 10, 2015 | M | 46,600 | $4.00 | A | 397,147 | D | |
| Common StockF3 | Nov 10, 2015 | S | 46,600 | $5.40 | 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 | $4.00 | Nov 6, 2015 | M | 71,277 | D | — | Mar 1, 2016 | Common Stock | 71,277 | 99,852 | D |
| Common Stock OptionsF4 | $4.00 | Nov 9, 2015 | M | 10,900 | D | — | Mar 1, 2016 | Common Stock | 10,900 | 88,952 | D |
| Common Stock OptionsF4 | $4.00 | Nov 10, 2015 | M | 46,600 | D | — | Mar 1, 2016 | Common Stock | 46,600 | 42,352 | 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 $5.17 to $5.20, 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 $5.20 to $5.25, 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 $5.35 to $5.45, 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 350,000 options on March 2, 2006 vested quarterly and pro-rata over three years. These options expire March 1, 2016.