4//SEC Filing
Swaroop Bhagwat 4
Accession 0001209191-20-042271
CIK 0001212458other
Filed
Jul 12, 8:00 PM ET
Accepted
Jul 13, 4:35 PM ET
Size
11.5 KB
Accession
0001209191-20-042271
Insider Transaction Report
Form 4
PROOFPOINT INCPFPT
Swaroop Bhagwat
EVP & GM, Protection
Transactions
- Exercise/Conversion
Common Stock
2020-07-01+11,875→ 14,431 total - Tax Payment
Common Stock
2020-07-01$113.79/sh−5,888$669,996→ 8,543 total - Exercise/Conversion
Restricted Stock Units
2020-07-01−11,875→ 0 totalExercise: $0.00→ Common Stock (11,875 underlying) - Sale
Common Stock
2020-07-09$120.00/sh−5,345$641,400→ 3,198 total
Footnotes (6)
- [F1]Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
- [F2]Includes 211 shares of Common Stock acquired on May 15, 2020 pursuant to the Issuer's employee stock purchase plan.
- [F3]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.
- [F4]The transactions were effected pursuant to a 10b5-1 trading plan previously adopted by the Reporting Person.
- [F5]Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
- [F6]The RSUs vest annually as to 1/4th of the total RSUs in equal installments, with the first 1/4 vested on July 1, 2017. 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 0001678830
Filing Metadata
- Form type
- 4
- Filed
- Jul 12, 8:00 PM ET
- Accepted
- Jul 13, 4:35 PM ET
- Size
- 11.5 KB