ZIX CORP 4
4 · ZIX CORP · Filed Feb 23, 2015
Insider Transaction Report
Form 4
ZIX CORPZIXI
Brashear James F
VP, General Counsel
Transactions
- Award
Restricted Stock Units
2015-02-19+40,000→ 40,000 total→ Common Stock (40,000 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of ZIXI common stock.
- [F2]Grant under 2012 Incentive Plan consists of 50% RSUs that will vest pro-rata over 3 years and 50% RSUs that will vest up to 1/3 each year the Company meets New First Year Orders performance goals in 2015-2017, subject to acceleration under conditions described in that Plan.