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Filing Details

Accession Number:
0001209191-16-100954
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-02-22 16:39:24
Reporting Period:
2016-02-18
Filing Date:
2016-02-22
Accepted Time:
2016-02-22 16:39:24
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
855612 Zix Corp ZIXI Services-Computer Processing & Data Preparation (7374) 752216818
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1229950 David Wagner 2711 N. Haskell Avenue
Suite 2200
Dallas TX 75204
President, Ceo Yes 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 2016-02-18 125,000 $0.00 125,000 No 4 A Direct
Common Stock Acquisiton 2016-02-18 60,000 $3.57 310,000 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Common Stock Options Acquisiton 2016-02-18 200,000 $0.00 200,000 $3.61
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
200,000 2026-02-17 No 4 A Direct
Footnotes
  1. Grant under the Amended and Restated 2012 Incentive Plan (as amended, the "Plan") consists of 50% restricted stock that will vest pro rata annually over 3 years and 50% restricted stock that will vest pro rata up to 1/3 each year the Company achieves specific performance criteria in 2016-2018, subject to acceleration under conditions described in the Plan.
  2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.48 to $3.65, inclusive. The reporting person undertakes to provide to Zix Corporation, any security holder of Zix Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within such range.
  3. Grant under the Plan. Options vest pro rata and quarterly over 4 years, and subject to accelerated vesting upon the occurrence of stated events.