4//SEC Filing
Swaroop Bhagwat 4
Accession 0001209191-20-047509
CIK 0001212458other
Filed
Aug 18, 8:00 PM ET
Accepted
Aug 19, 4:39 PM ET
Size
13.5 KB
Accession
0001209191-20-047509
Insider Transaction Report
Form 4
PROOFPOINT INCPFPT
Swaroop Bhagwat
EVP & GM, Protection
Transactions
- Tax Payment
Common Stock
2020-08-18$108.31/sh−1,364$147,735→ 3,084 total - Exercise/Conversion
Common Stock
2020-08-18+1,375→ 3,073 total - Exercise/Conversion
Restricted Stock Units
2020-08-18−1,375→ 0 totalExercise: $0.00→ Common Stock (1,375 underlying) - Exercise/Conversion
Restricted Stock Units
2020-08-18−1,375→ 0 totalExercise: $0.00→ Common Stock (1,375 underlying) - Exercise/Conversion
Common Stock
2020-08-18+1,375→ 4,448 total
Footnotes (4)
- [F1]Vesting of performance-based restricted stock units ("RSUs") earned by the Reporting Person on May 1, 2017 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.
- [F3]Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
- [F4]The RSUs vested as to 3/16th of the total number of shares on May 1, 2017; 1/16th of the total number of shares on August 18, 2017; and thereafter vested as to 1/4th of the total number of shares in equal annual installments beginning on August 18, 2018. Shares of the Issuer's common stock were 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
- Aug 18, 8:00 PM ET
- Accepted
- Aug 19, 4:39 PM ET
- Size
- 13.5 KB