Salle Blake P. 4
4 · PROOFPOINT INC · Filed Jul 6, 2021
Insider Transaction Report
Form 4
PROOFPOINT INCPFPT
Salle Blake P.
EVP, Worldwide Sales
Transactions
- Exercise/Conversion
Common Stock
2021-07-01+1,000→ 22,776 total - Exercise/Conversion
Restricted Stock Units
2021-07-01−1,000→ 1,000 totalExercise: $0.00→ Common Stock (1,000 underlying) - Tax Payment
Common Stock
2021-07-01$173.63/sh−394$68,410→ 22,382 total
Footnotes (6)
- [F1]Vesting of restricted stock units ("RSUs") granted to the Reporting Person on October 29, 2018.
- [F2]Includes 248 shares of Common Stock acquired on May 14, 2021 pursuant to the Issuer's employee stock purchase plan.
- [F3]Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. These shares were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs.
- [F4]Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
- [F5]The RSUs vest annually as to 1/4th of the total RSUs in equal installments, with the first 1/4th vested on July 1, 2019. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting.
- [F6]RSUs do not expire; they either vest or are canceled prior to vesting date.