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) 04/03/2009 | ||||||||||||||||||||||||||
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 | 8,303,192 | D(1) | ||||||||
Common Stock | 608,530(2) | I | By the Kathleen Sheehan Revocable Trust dtd 2/5/09 | |||||||
Common Stock | 5,594 | I | By Spouse's minor children |
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 | ||||||||
Stock Option Grant (right to buy) | $1.265(3) | 04/03/2009 | A | 151,558 | (4) | 04/02/2014 | Common Stock | 151,558 | $0.00 | 151,558 | D | ||||
Stock Option Grant (right to buy) | $1.15 | 04/03/2009 | A | 433,867 | (4) | 04/02/2019 | Common Stock | 433,867 | $0.00 | 433,867 | D | ||||
Stock Option Grant (right to buy) | $1.265(3) | 04/03/2009 | A | 47,713 | (4) | 04/02/2014 | Common Stock | 47,713 | $0.00 | 47,713(5) | I | By Spouse | |||
Stock Option Grant (right to buy) | $1.15 | 04/03/2009 | A | 95,387 | (4) | 04/02/2019 | Common Stock | 95,387 | $0.00 | 95,387(5) | I | By Spouse | |||
Stock option grant (right to buy)(6) | $0.2409 | 03/23/2006 | A | 249,096 | (7) | 03/22/2016 | Common Stock | 249,096 | $0.00 | 249,096 | I | By Spouse | |||
Stock option grant (right to buy)(6) | $5.88 | 12/31/2007 | A | 290,612 | (7) | 12/31/2017 | Common Stock | 290,612 | $0.00 | 290,612 | I | By Spouse |
Explanation of Responses: |
1. These shares are held in the name of the reporting person's individual trust: The Kendall Larsen Revocable Trust dated February 5, 2009. |
2. The reporting person married Kathleen Sheehan, the Issuer's Chief Administration Officer, on March 8, 2009 and thereby acquired indirect ownership of shares held by his spouse and her two minor children all of which were owned prior to the marriage (the "Shares"). The reporting person disclaims any beneficial ownership of the Shares. |
3. The exercise price is equal to 110% of the fair market value of Issuer's common stock on the date of the grant. |
4. On the first anniversary of the date of grant, 1/4th of the shares will vest and become exercisable, with 1/48th of the shares vesting and becoming exercisable each month thereafter. |
5. The reporting person disclaims beneficial ownership of these options. |
6. As a result of his recent marriage, the reporting person holds an indirect ownership of options held by his spouse prior to their marriage. The reporting person disclaims any beneficial ownership of the options. |
7. On the first anniversary of the date of grant, 1/4th of the shares vested and became exercisable, with 1/48th of the shares vesting and becoming exercisable each month thereafter. |
Remarks: |
/s/ Kendall Larsen | 04/07/2009 | |
** 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. |