SEC Form 4 · accession 0001209191-15-082283
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
Nov 24, 2015
Accepted (ET)
Nov 25, 2015 · 5:46 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 24, 2015 | M | 21,700 | $3.86 | A | 25,840 | D | |
| Common StockF1 | Nov 24, 2015 | S | 21,700 | $5.70 | D | 4,140 | D | |
| Common Stock | Nov 25, 2015 | M | 812 | $2.49 | A | 4,952 | D | |
| Common StockF2 | Nov 25, 2015 | S | 812 | $5.75 | D | 4,140 | D | |
| Common Stock | Nov 25, 2015 | M | 13,300 | $3.86 | A | 17,440 | D | |
| Common StockF3 | Nov 25, 2015 | S | 13,300 | $5.72 | D | 4,140 | D | |
| Common Stock | Nov 25, 2015 | M | 50,000 | $4.87 | A | 54,140 | D | |
| Common StockF4 | Nov 25, 2015 | S | 50,000 | $5.67 | 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 OptionsF5 | $3.86 | Nov 24, 2015 | M | 21,700 | D | — | Jul 27, 2021 | Common Stock | 21,700 | 13,300 | D |
| Common StockF6 | $2.49 | Nov 25, 2015 | M | 812 | D | — | Jul 25, 2022 | Common Stock | 812 | 2,438 | D |
| Common StockF5 | $3.86 | Nov 25, 2015 | M | 13,300 | D | — | Jul 27, 2021 | Common Stock | 13,300 | 0 | D |
| Common StockF7 | $4.87 | Nov 25, 2015 | M | 50,000 | D | — | Dec 19, 2017 | Common Stock | 50,000 | 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 $5.68 to $5.72, 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 $5.75 to $5.77, 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 $5.71 to $5.76, 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.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.64 to $5.71, 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.
- F5Grant of 35,000 options on July 28, 2011 vested quarterly and pro-rata over three years.
- F6Grant of 13,000 options on July 26, 2012 vest quarterly and pro-rata over four years.
- F7Grant of 50,000 options on December 20, 2007 vested quarterly and pro-rata over three years.