SEC Form 4 · accession 0001209191-17-028934
ZIX CORP · ZIXI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Spurr
Director
Period of report
Apr 27, 2017
Accepted (ET)
May 1, 2017 · 4:22 pm EDT
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 | Apr 27, 2017 | M | 88,708 | $4.87 | A | 211,756 | D | |
| Common StockF1 | Apr 27, 2017 | S | 88,708 | $5.52 | D | 123,048 | D | |
| Common Stock | Apr 28, 2017 | M | 20,200 | $4.87 | A | 143,248 | D | |
| Common StockF2 | Apr 28, 2017 | S | 20,200 | $5.46 | D | 123,048 | 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 OptionF3 | $4.87 | Apr 27, 2017 | M | 88,708 | D | — | Dec 19, 2017 | Common Stock | 88,708 | 311,292 | D |
| Common Stock OptionF3 | $4.87 | Apr 28, 2017 | M | 20,200 | D | — | Dec 19, 2017 | Common Stock | 20,200 | 291,092 | 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 $5.50 to $5.57, 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 $5.45 to $5.50, 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.
- F3Grant of 400,000 options on December 20, 2007 vested quarterly and pro-rata over three years. These options expire December 19, 2017.