4//SEC Filing
Knight David 4
Accession 0001209191-21-027989
CIK 0001212458other
Filed
Apr 21, 8:00 PM ET
Accepted
Apr 22, 6:19 PM ET
Size
12.1 KB
Accession
0001209191-21-027989
Insider Transaction Report
Form 4
PROOFPOINT INCPFPT
Knight David
EVP Product Mgmnt & Marketing
Transactions
- Exercise/Conversion
Common Stock
2021-04-20+469→ 15,989 total - Tax Payment
Common Stock
2021-04-20$130.01/sh−233$30,292→ 15,756 total - Award
Restricted Stock Units
2021-04-20+1,875→ 1,875 totalExercise: $0.00→ Common Stock (1,875 underlying) - Exercise/Conversion
Restricted Stock Units
2021-04-20−469→ 1,406 totalExercise: $0.00→ Common Stock (469 underlying)
Footnotes (5)
- [F1]Vesting of restricted stock units ("RSUs") earned by the Reporting Person on April 20, 2021 as determined by the Issuer's Board of Directors.
- [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 1/4 of the total number of shares subject to the award on April 20, 2021; an additional 1/4 of the total number of shares subject to the award will vest on each of January 1, 2022, January 1, 2023, and January 1, 2024, subject to the Reporting Person's continued service to the Issuer through such dates. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
- [F5]RSUs do not expire; they either vest or are canceled prior to vesting date.
Documents
Issuer
PROOFPOINT INC
CIK 0001212458
Entity typeother
Related Parties
1- filerCIK 0001547394
Filing Metadata
- Form type
- 4
- Filed
- Apr 21, 8:00 PM ET
- Accepted
- Apr 22, 6:19 PM ET
- Size
- 12.1 KB