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VirnetX Holding Corp — Director's Dealing 2013
Jun 10, 2013
34492_dirs_2013-06-10_c8de17dc-5d81-46b7-a415-db586a382801.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: VirnetX Holding Corp (VHC)
CIK: 0001082324
Period of Report: 2013-06-06
Reporting Person: Nance Richard H (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-06-06 | Common Stock | A | 2667 | — | Acquired | 2667 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-06-06 | Stock Option (Right to Buy) | $23.72 | A | 4000 | Disposed | 2023-06-06 | Common Stock (4000) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive, following vesting, one share of VirnetX Holding Corporation common stock. The restricted stock units vest in four equal annual installments beginning on June 6, 2014.
F2: 1/48th of the total shares shall vest and become exercisable on July 6, 2013 and 1/48th of the total shares shall 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.