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
VirnetX Holding Corp [ VHC ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 01/30/2009 | ||||||||||||||||||||||||||
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 | 01/30/2009 | P | 46,665 | A | $1.5 | 46,665 | D |
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 | ||||||||
Common Stock Warrant | $2 | 01/30/2009 | J(1) | 23,333 | (1) | 07/30/2010(1) | Common Stock | 23,333 | $0.00 | 23,333 | D | ||||
Common Stock Warrant | $3 | 01/30/2009 | J(1) | 23,333 | (1) | 07/30/2010(1) | Common Stock | 23,333 | $0.00 | 23,333 | D | ||||
Common Stock Warrant | $4 | 01/30/2009 | J(1) | V | 23,333 | (1) | 07/30/2010(1) | Common Stock | 23,333 | $0.00 | 23,333 | D |
Explanation of Responses: |
1. The Reporting Person is receiving three types of warrants to purchase the Issuer's common stock in connection with the Issuers's offering of common stock and warrants (the "Warrants") to purchase common stock pursuant to Issuer's Form S-1 (File No. 333-153645) (the "Offering"). The Warrants received have similar terms but are exercisable at different prices. For each share purchased at the closing of the Offering the Reporting Person will receive a warrant to purchase 0.5 shares of common stock at $2.00 per share, 0.5 shares of common stock at $3.00 per share and 0.5 shares of common stock at $4.00 per share (fractional shares will be rounded up). All Warrants will be exercisable January 30, 2009 through and including July 30, 2010 and include a call feature that gives the Issuer the right to require the holder of the warrant to exercise the warrant under certain conditions, failing which the respective warrant(s) will terminate. |
Remarks: |
/s/ Kendall Larsen, Attorney-in-Fact for Thomas M. O'Brien | 02/02/2009 | |
** 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. |