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VirnetX Holding Corp — Director's Dealing 2014
Jul 10, 2014
34492_dirs_2014-07-10_0c4b98cc-584c-4860-b6af-dec8b037bb7e.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: 2013-04-15
Reporting Person: Short Robert D III (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-04-15 | Common Stock | F | 1120 | $18.59 | Disposed | 23333 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 37213 | Indirect |
Footnotes
F1: Mr. Short holds restricted stock units ("RSUs") that he was granted as an employee of the Issuer. As the RSUs vest, taxes become due and payable, and RSU holders who are employees of the Issuer can pay those taxes by having the Issuer withhold shares. On April 13, 2013, RSUs held by Mr. Short vested, and on April 15, 2013, Mr. Short elected to satisfy the taxes due on those vested RSUs by forfeiting to the Issuer a total of 1,120 shares of Common Stock. Under applicable securities laws, the withholding of those shares for tax purposes was required to be reported on a Form 4, and due to a clerical oversight, the report was not filed at that time. This oversight was recently discovered, and this Form 4 is being filed to report the withholding of such shares on April 15, 2013.
F2: Amount reported in Column 5 are consistent with the Reporting Person's holdings on April 15, 2013, and the amounts included in column 5 in the reporting person's subsequent Forms 4 shall be deemed amended to reflect this transaction.