SEC Form 4 · accession 0001209191-17-030911
ZIX CORP · ZIXI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dave Robertson
Officer — Vice President
Period of report
May 8, 2017
Accepted (ET)
May 9, 2017 · 4:08 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 | May 8, 2017 | M | 75,000 | $4.87 | A | 258,282 | D | |
| Common StockF1 | May 8, 2017 | S | 75,000 | $5.53 | D | 183,282 | D | |
| Common Stock | May 8, 2017 | M | 18,750 | $1.11 | A | 202,032 | D | |
| Common StockF2 | May 8, 2017 | S | 18,750 | $5.54 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock OptionF3 | $4.87 | May 8, 2017 | M | 75,000 | D | — | Dec 19, 2017 | Common Stock | 75,000 | 0 | D |
| Common Stock OptionF4 | $1.11 | May 8, 2017 | M | 18,750 | D | — | Dec 22, 2018 | Common Stock | 18,750 | 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 $5.51 to $5.55, 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 $5.52 to $5.55, 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 75,000 options on December 20, 2007 vested quarterly and pro-rata over three years. These options expire December 19, 2017.
- F4Grant of 18,750 options on December 23, 2008 vested quarterly and pro-rata over three years. These options expire December 22, 2018.