4//SEC Filing
Willy Ashan 4
Accession 0001209191-21-007299
CIK 0001212458other
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 4:53 PM ET
Size
15.4 KB
Accession
0001209191-21-007299
Insider Transaction Report
Form 4
PROOFPOINT INCPFPT
Willy Ashan
EVP/GM-Sec Prd & Svc Grp
Transactions
- Sale
Common Stock
2021-02-02$136.38/sh−1,226$167,202→ 3,440 total - Exercise/Conversion
Common Stock
2021-02-01+2,250→ 4,216 total - Exercise/Conversion
Common Stock
2021-02-01+1,875→ 6,091 total - Tax Payment
Common Stock
2021-02-01$130.62/sh−1,425$186,134→ 4,666 total - Exercise/Conversion
Restricted Stock Units
2021-02-01−2,250→ 4,500 totalExercise: $0.00→ Common Stock (2,250 underlying) - Exercise/Conversion
Restricted Stock Units
2021-02-01−1,875→ 5,625 totalExercise: $0.00→ Common Stock (1,875 underlying)
Footnotes (7)
- [F1]Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
- [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]The transactions reported on this Form 4 were effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person.
- [F4]Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
- [F5]The RSUs vest as to 1/3 of the total RSUs in equal installments, with the first 1/3 vesting on February 1, 2021. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
- [F6]RSUs do not expire; they either vest or are canceled prior to the vesting date.
- [F7]The RSUs vested as to 1/4th of the total number of shares on February 1, 2021 and thereafter will vest as to 1/4th of the total number of shares in equal annual installments. 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 0001819243
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 4:53 PM ET
- Size
- 15.4 KB