4//SEC Filing
Swaroop Bhagwat 4
Accession 0001567619-20-002103
CIK 0001212458other
Filed
Feb 3, 7:00 PM ET
Accepted
Feb 4, 4:26 PM ET
Size
26.3 KB
Accession
0001567619-20-002103
Insider Transaction Report
Form 4
PROOFPOINT INCPFPT
Swaroop Bhagwat
EVP & GM, Protection
Transactions
- Exercise/Conversion
Common Stock
2020-02-01+2,000→ 4,000 total - Tax Payment
Common Stock
2020-02-02$122.81/sh−992$121,828→ 4,691 total - Exercise/Conversion
Common Stock
2020-02-01+2,000→ 2,000 total - Exercise/Conversion
Common Stock
2020-02-02+1,000→ 5,683 total - Exercise/Conversion
Restricted Stock Units
2020-02-02−1,000→ 1,000 totalExercise: $0.00→ Common Stock (1,000 underlying) - Exercise/Conversion
Restricted Stock Units
2020-02-01−2,000→ 4,000 totalExercise: $0.00→ Common Stock (2,000 underlying) - Exercise/Conversion
Restricted Stock Units (Common Stock)
2020-02-01−2,000→ 6,000 totalExercise: $0.00→ Common Stock (2,000 underlying) - Exercise/Conversion
Restricted Stock Units
2020-02-01−2,000→ 2,000 totalExercise: $0.00→ Common Stock (2,000 underlying) - Exercise/Conversion
Restricted Stock Units
2020-02-02−1,000→ 1,000 totalExercise: $0.00→ Common Stock (1,000 underlying) - Exercise/Conversion
Common Stock
2020-02-01+2,000→ 6,000 total - Tax Payment
Common Stock
2020-02-01$122.81/sh−2,317$284,551→ 3,683 total - Exercise/Conversion
Common Stock
2020-02-02+1,000→ 4,683 total
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. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
- [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 will vest as to 1/4th of the total number of shares on February 1, 2018 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.
- [F5]The RSUs will vest as to 1/4th of the total number of shares on February 1, 2019 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.
- [F6]The RSUs will vest as to 1/4th of the total number of shares on February 1, 2020 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.
- [F7]The performance-based RSUs were earned by the Reporting Person on June 1, 2018 as a result of the Reporting Person having met certain performance criteria. The RSUs vested as to 5/16th of the total number of shares on June 1, 2018? 3/16th of the total number of shares on February 2, 2019? and thereafter will vest as to 1/4th of the total number of shares in equal annual installments beginning on February 2, 2020. 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
- Feb 3, 7:00 PM ET
- Accepted
- Feb 4, 4:26 PM ET
- Size
- 26.3 KB