FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
ZIX CORP [ ZIXI ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 07/18/2003 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 07/18/2003 | J(1) | 14,771 | A | 3.92 | 68,766 | I | By 1988 Spendthrift Trust(2) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Series A Convertible Preferred Stock | 4.1 | 07/18/2003 | J(1) | 14,015 | 09/18/2002 | 08/08/1988(3) | Common Stock | 14,771 | $3.92 | 98,106 | I | By 1988 Spendthrift Trust(2) |
Explanation of Responses: |
1. On July 18, 2003, in accordance with the terms and provisions of the Statement of Designations of the Series A Convertible Preferred Stock of Zix Corporation (the "Series A Statement of Designations"), the issuer called for the redemption of certain shares of its Series A Convertible Preferred Stock, including 14,015 shares held by the 1988 Spendthrift Trust, a trust for which the filing person is a co-trustee. The terms of the Series A Statement of Designations provide that the redemption price of the Series A Convertible Preferred Stock, which is equal to $3.92 per share plus accrued but unpaid dividends thereon, will be payable by the issuer in shares of its Common Stock. |
2. Securities are held by the 1988 Spendthrift Trust, a trust for which the filing person is a co-trustee. |
3. The SEC's online filing system for Section 16 reports contains a mandatory field for the expiration of derivative securities. However, pursuant to the terms and provisions of the Series A Statement of Designations, the Series A Convertible Preferred Stock does not have an expiration date. In accordance with instructions of the SEC (FAQ: Section 16 Electronic Reporting; Q.5), an expiration date of August 8, 1988 has been designated as the expiration date for the Series A Convertible Preferred Stock. |
/s/ Antonio R. Sanchez, III | 07/22/2003 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |