Filing Details

Accession Number:
0001181431-10-058002
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-11-29 20:04:54
Reporting Period:
2010-11-24
Filing Date:
2010-11-29
Accepted Time:
2010-11-29 20:04:54
SEC Url:
Form 4 Filing
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
1281072 E William Sliney 5615 Scotts Valley Dr. #110
Scotts Valley CA 95066
Chief Financial Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2010-11-24 79,530 $5.88 79,530 No 4 M Direct
Common Stock Disposition 2010-11-24 79,530 $14.01 0 No 4 S Direct
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 2010-11-24 79,530 $0.00 383,095 $5.88
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
233,095 2017-12-31 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 5,161 Indirect By Joyce M. Sliney Trust dated 6/1/90
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.00 to $14.08, inclusive. The reporting person undertakes to provide to VirnetX Holding Corp, any security holder of VirnetX Holding Corp, 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 (1) to this Form 4.
  2. 25% of the total shares subject to the option (the "Total Shares") vest on December 31, 2008, and 1/48th of the Total Shares shall vest each month thereafter. If a Change of Control (as defined in the Issuer's 2007 Stock Plan) of the Issuer 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.