SLINEY WILLIAM E 4
4 · VirnetX Holding Corp · Filed Nov 29, 2010
Insider Transaction Report
Form 4
SLINEY WILLIAM E
Chief Financial Officer
Transactions
- Sale
Common Stock
2010-11-24$14.01/sh−79,530$1,114,040→ 0 total - Exercise/Conversion
Common Stock
2010-11-24$5.88/sh+79,530$467,636→ 79,530 total - Exercise/Conversion
Stock Option (right to buy)
2010-11-24−79,530→ 233,095 totalExercise: $5.88Exp: 2017-12-31→ Common Stock (383,095 underlying)
Holdings
- 5,161(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.00 to $14.08, inclusive. The reporting person undertakes to provide to VirnetX Holding Corp, any security holder of VirnetX Holding Corp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
- [F2]25% of the total shares subject to the option (the "Total Shares") vest on December 31, 2008, and 1/48th of the Total Shares shall vest each month thereafter. If a Change of Control (as defined in the Issuer's 2007 Stock Plan) of the Issuer occurs, all of the Shares underlying this Option then unvested as of the date of the Change of Control, will vest and become exercisable immediately prior to the consummation of the Change of Control transaction.