SEC Form 4 · accession 0001209191-17-013353
ZIX CORP · ZIXI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dave Robertson
Officer — Vice President
Period of report
Feb 18, 2017
Accepted (ET)
Feb 22, 2017 · 5:02 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 | Feb 18, 2017 | F | 2,177 | $5.11 | D | 185,757 | D | |
| Common StockF1 | Feb 19, 2017 | M | 6,666 | — | A | 192,423 | D | |
| Common Stock | Feb 19, 2017 | F | 2,177 | $5.11 | D | 190,246 | D | |
| Common Stock | Feb 20, 2017 | F | 2,942 | $5.11 | D | 187,304 | D | |
| Common Stock | Feb 21, 2017 | F | 4,022 | $5.15 | D | 183,282 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Feb 19, 2017 | M | 6,666 | D | — | — | Common Stock | 6,666 | 13,334 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") coverts into a share of common stock on a one-for-one basis.
- F2Granted under the Amended and Restated 2012 Incentive Plan (as amended, the "Plan") on February 19, 2015. The 40,000 RSU grant consists of 50% RSUs that will vest prorata over 3 years and 50% that will vest up to 1/3 each year the Company meets approved performance goals in 2015-2017, subject to acceleration under conditions described in the Plan.