4//SEC Filing
ZIX CORP 4
Accession 0001209191-16-100979
CIK 0000855612operating
Filed
Feb 21, 7:00 PM ET
Accepted
Feb 22, 4:46 PM ET
Size
25.6 KB
Accession
0001209191-16-100979
Insider Transaction Report
Form 4
ZIX CORPZIXI
MORGAN RUSSELL J
Vice President
Transactions
- Exercise/Conversion
Common Stock
2016-02-19+8,105→ 12,245 total - Tax Payment
Common Stock
2016-02-20$3.53/sh−1,858$6,559→ 10,122 total - Exercise/Conversion
Common Stock
2016-02-21+8,750→ 18,872 total - Award
Restricted Stock Units
2016-02-18+20,000→ 20,000 total→ Common Stock (20,000 underlying) - Tax Payment
Common Stock
2016-02-19$3.82/sh−4,015$15,337→ 8,230 total - Exercise/Conversion
Restricted Stock Units
2016-02-21−8,750→ 8,750 total→ Common Stock (8,750 underlying) - Exercise/Conversion
Restricted Stock Units
2016-02-20−3,750→ 7,500 total→ Common Stock (3,750 underlying) - Exercise/Conversion
Common Stock
2016-02-20+3,750→ 11,980 total - Tax Payment
Common Stock
2016-02-21$3.53/sh−4,334$15,299→ 14,538 total - Exercise/Conversion
Restricted Stock Units
2016-02-19−8,105→ 20,000 total→ Common Stock (8,105 underlying)
Footnotes (6)
- [F1]Each restricted stock unit ("RSU") converts into a share of common stock on a one-for-one basis.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.53 to $4.28, 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.
- [F3]Grant under the Amended and Restated 2012 Incentive Plan (as amended, the "Plan"). The RSU grant consists of 50% RS that will vest pro rata annually over 3 years and 50% that will vest up to 1/3 each year the company meets approved performance goals in 2016-2018, subject to acceleration under conditions described in the Plan.
- [F4]Granted under the Plan on February 19, 2015. The 30,000 RSU grant consists of 50% RSUs that will vest pro rata over 3 years and 50% that will vest up to 1/3 each year the Company meets approved performance goals in 2015-2017, subject to acceleration under conditions described in the Plan.
- [F5]Granted under the Plan on February 20, 2014. The 15,000 RSU grant will vest pro rata over 4 years from grant date, subject to acceleration under conditions described in the Plan.
- [F6]Granted under the Plan on February 21, 2013. The 35,000 RSU grant will vest pro rata over 4 years from grant date, subject to acceleration under conditions described in the Plan.
Issuer
ZIX CORP
CIK 0000855612
Entity typeoperating
IncorporatedTX
Related Parties
1- filerCIK 0000855612
Filing Metadata
- Form type
- 4
- Filed
- Feb 21, 7:00 PM ET
- Accepted
- Feb 22, 4:46 PM ET
- Size
- 25.6 KB