Key facts
- This page summarizes Noah F. Webster's Form 4 filing for ZIX CORP.
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 28 Dec 2021, 14:04.
Noah F. Webster - 23 Dec 2021 Form 4 Insider Report for ZIX CORP
- Reporting relationship
- Chief Legal Officer
- Issuer ticker
- N/A
- Reported as of
- 23 Dec 2021
- Net transaction value
- -$1,725,398
- SEC form
- 4
- Accepted by SEC
- 28 Dec 2021, 14:04:55 UTC
- Next SEC filing
- 19 Dec 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Noah F. Webster
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Noah F. Webster filed Form 4 for ZIX CORP on 28 Dec 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: -$1,725,398.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
ZIXI
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $1,725,398
- Shares
- -202,988
- Change %
- -100%
- Price
- $8.50
- Shares after
- 0
- Date
- 23 Dec 2021
- Ownership
- Direct
- Footnotes
- F1, F3, F5
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
ZIXI
transaction
Derivative
Restricted Stock Units
Disposed to Issuer
- Transaction value
- Shares
- -36,238
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 23 Dec 2021
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 36,238
- Exercise price
- Footnotes
- F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Noah F. Webster is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 5 footnotes
Footnote F1
On December 23, 2021, the Issuer was acquired by Open Text Corporation ("Parent") pursuant to the Agreement and Plan of Merger (the "Agreement"), dated as of November 7, 2021, by and among Parent, Issuer and Zeta Merger Sub Inc. (the "Merger"). At the effective time of the Merger (the "Effective Time"), each outstanding share of Issuer common stock (subject to limited exceptions) converted into the right to receive $8.50 in cash, without interest.
Footnote F2
Each restricted stock unit would convert into a share of common stock on a one-for-one basis.
Footnote F3
Pursuant to the Agreement and the letter agreement, dated December 18, 2021 between the Issuer and Parent (the "Letter Agreement"), each RSU outstanding as of immediately prior to the Effective Time was cancelled and converted into a right to receive an amount of cash equal to the Company Stock-Based Award Consideration (as defined in the Letter Agreement), payable in accordance with and subject to the terms of the Letter Agreement.
Footnote F4
Granted under the 2018 Omnibus Incentive Plan (the "Plan") consisting of restricted stock units that were schedule to vest pro-rata annually over 3 years, subject to acceleration under conditions described in the Plan.
Footnote F5
Includes shares granted under the Plan consisting of restricted stock. A portion of such shares would vest based on the Issuer's achievement of specific financial performance criteria and are subject to acceleration under conditions described in the Plan.