SEC Form 4 · accession 0001209191-15-080053
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 11, 2015
Accepted (ET)
Nov 13, 2015 · 4:37 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 11, 2015 | M | 22,753 | $4.00 | A | 373,300 | D | |
| Common StockF1 | Nov 11, 2015 | S | 22,753 | $5.26 | D | 350,547 | D | |
| Common Stock | Nov 12, 2015 | M | 19,599 | $4.00 | A | 370,146 | D | |
| Common StockF2 | Nov 12, 2015 | S | 19,599 | $5.15 | D | 350,547 | D | |
| Common Stock | Nov 12, 2015 | M | 43,086 | $2.90 | A | 393,633 | D | |
| Common StockF3 | Nov 12, 2015 | S | 43,086 | $5.17 | 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 11, 2015 | M | 22,753 | D | — | Mar 1, 2016 | Common Stock | 22,753 | 19,599 | D |
| Common Stock OptionsF4 | $4.00 | Nov 12, 2015 | M | 19,599 | D | — | Mar 1, 2016 | Common Stock | 19,599 | 0 | D |
| Common Stock OptionsF5 | $2.90 | Nov 12, 2015 | M | 43,086 | D | — | Feb 22, 2022 | Common Stock | 43,086 | 156,914 | 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 $5.22 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.15 to $5.16, 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 $5.15 to $5.21, 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.
- F5Grant of 200,000 options on February 23, 2012 vested quarterly and pro-rata over three years.