4//SEC Filing
Newell Tracey 4
Accession 0001140361-18-027396
CIK 0001212458other
Filed
Jun 4, 8:00 PM ET
Accepted
Jun 5, 5:15 PM ET
Size
17.5 KB
Accession
0001140361-18-027396
Insider Transaction Report
Form 4
PROOFPOINT INCPFPT
Newell Tracey
EVP, Worldwide Sales
Transactions
- Exercise/Conversion
Common Stock
2018-06-01+2,500→ 28,368 total - Tax Payment
Common Stock
2018-06-01$120.57/sh−2,480$299,014→ 28,388 total - Award
Restricted Stock Units
2018-06-01+8,000→ 8,000 totalExercise: $0.00→ Common Stock (8,000 underlying) - Exercise/Conversion
Restricted Stock Units
2018-06-01−2,500→ 5,500 totalExercise: $0.00→ Common Stock (2,500 underlying) - Exercise/Conversion
Restricted Stock Units
2018-06-01−2,500→ 5,500 totalExercise: $0.00→ Common Stock (2,500 underlying) - Exercise/Conversion
Common Stock
2018-06-01+2,500→ 30,868 total - Award
Restricted Stock Units
2018-06-01+8,000→ 8,000 totalExercise: $0.00→ Common Stock (8,000 underlying)
Footnotes (5)
- [F1]Vesting of performance-based RSUs ("PRSUs") earned by the Reporting Person on June 1, 2018 as a result of the Reporting Person having met certain performance criteria.
- [F2]Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs or PRSUs. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
- [F3]Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
- [F4]Represents PRSUs earned by the Reporting Person on June 1, 2018 as a result of the Reporting Person having met certain performance criteria.
- [F5]The RSUs vest as to 5/16th of the total number of shares on June 1, 2018; 3/16th of the total number of shares on February 2, 2019; and thereafter will vest as to 1/4th of the total number of shares in equal annual installments beginning on February 2, 2020. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
Documents
Issuer
PROOFPOINT INC
CIK 0001212458
Entity typeother
Related Parties
1- filerCIK 0001527210
Filing Metadata
- Form type
- 4
- Filed
- Jun 4, 8:00 PM ET
- Accepted
- Jun 5, 5:15 PM ET
- Size
- 17.5 KB