SEC Form 4 · accession 0001209191-15-080997
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 16, 2015
Accepted (ET)
Nov 18, 2015 · 4:58 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 16, 2015 | M | 10,000 | $2.90 | A | 360,547 | D | |
| Common StockF1 | Nov 16, 2015 | S | 10,000 | $5.20 | D | 350,547 | D | |
| Common Stock | Nov 17, 2015 | M | 9,120 | $2.90 | A | 359,667 | D | |
| Common StockF2 | Nov 17, 2015 | S | 9,120 | $5.22 | D | 350,547 | D | |
| Common Stock | Nov 18, 2015 | M | 100,000 | $2.90 | A | 450,547 | D | |
| Common StockF3 | Nov 18, 2015 | S | 100,000 | $5.32 | 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 | $2.90 | Nov 16, 2015 | M | 10,000 | D | — | Feb 22, 2022 | Common Stock | 10,000 | 146,914 | D |
| Common Stock OptionsF4 | $2.90 | Nov 17, 2015 | M | 9,120 | D | — | Feb 22, 2022 | Common Stock | 9,120 | 137,794 | D |
| Common Stock OptionsF4 | $2.90 | Nov 18, 2015 | M | 100,000 | D | — | Feb 22, 2022 | Common Stock | 100,000 | 37,794 | 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 $5.20 to $5.22, 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 $5.26, 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 $5.22 to $5.44, 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 200,000 options on February 23, 2012 vested quarterly and pro-rata over three years.