VirnetX Holding Corp — Director's Dealing 2018

Feb 21, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VirnetX Holding Corp (VHC)
CIK: 0001082324
Period of Report: 2018-02-16

Reporting Person: Larsen Kendall (Director, President & CEO, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-16	Stock Option (Right to Buy)	$3.55	A	220000	Acquired	2028-02-16	Common Stock (220000)	Direct
2018-02-16	Stock Option (Right to Buy)	$3.55	A	300000	Acquired	2028-02-16	Common Stock (300000)	Indirect

Footnotes

F1: 1/48 of the total number of shares subject to the option shall vest and become exercisable each month after the vesting commencement date on the same day as the vesting commencement date, so long as the individual's continuous status as a Service Provider (as defined in the Issuer's 2013 Equity Incentive Plan, or the "Plan") has not terminated prior to each such date. If a Change in Control (as defined in the Plan) occurs, all of the shares underlying this option then unvested as of the date of the Change in Control, will vest and become exercisable immediately prior to the consummation of the Change in Control transaction. This option grant was made after review of options that recently expired by their terms.