Filing Details

Accession Number:
0001181431-12-030070
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-05-15 18:06:54
Reporting Period:
2012-05-15
Filing Date:
2012-05-15
Filing Date Changed:
2012-05-15
Accepted Time:
2012-05-15 19:06:54
Original Submission Date:
Issuer
Cik Name Symbol Sector (SIC) IRS No
1082324 Virnetx Holding Corp VHC Patent Owners & Lessors (6794) 770390628
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1495444 Iii D Robert Short C/o 308 Dorla Court
Suite 206
Zephyr Cove NV 89448
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings
Common Stock Acquisiton 2012-05-15 20,000 $1.15 33,333
Common Stock Disposition 2012-05-15 20,000 $29.57 13,333
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (Right to Buy) Disposition 2012-05-15 20,000 $0.00 20,000 $1.15
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
112,590 2019-04-02 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 35,000 Indirect By: The Short Revocable Living Trust
Footnotes
  1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 27, 2011.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.21 to $30.05, inclusive. The reporting person undertakes to provide to VirnetX Holding Corporation, any security holder of VirnetX Holding Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
  3. 12/48th of the shares subject to the option to purchase 312,590 shares of the Company Common Stock, granted to the Reporting Person on April 3, 2009, vested and became exercisable on April 3, 2010 and 1/48th of the total shares vest and become exercisable on the same day of each month thereafter so long as the reporting person's Continuous Service Status (as defined in the Issuer's 2007 Stock Plan) continues. If a Change of Control (as defined in the Issuer's 2007 Stock Plan) occurs, all of the Shares underlying this Option then unvested as of the date of the Change of Control, will vest and become exercisable immediately prior to the consummation of the Change of Control transaction.
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