4//SEC Filing
APOLLO GROUP INC 4
Accession 0000929887-13-000090
CIK 0000929887operating
Filed
Aug 14, 8:00 PM ET
Accepted
Aug 15, 6:20 PM ET
Size
11.5 KB
Accession
0000929887-13-000090
Insider Transaction Report
Form 4
APOLLO GROUP INCAPOL
Langenbach Jeffrey G
Chief Administrative Officer
Transactions
- Award
Class A Common Stock
2013-08-13+23,184→ 48,315 total - Award
Non-Qualified Stock Option (right to buy)
2013-08-13+10,980→ 10,980 totalExercise: $20.06Exp: 2019-08-12→ Class A Common Stock (10,980 underlying)
Footnotes (6)
- [F1]Represents shares of the Issuer's Class A common stock underlying restricted stock units ("RSUs") granted to the Reporting Person. The RSUs are subject to both performance-vesting and service-vesting requirements. Should the performance objective be attained, then 25% of the RSUs will vest upon the Reporting Person's continuation in service with the Issuer through August 31, 2014, and the balance will vest in a series of three successive equal installments upon the Reporting Person's continuation in service with the Issuer through each of the second, third and fourth anniversaries of the August 13, 2013 grant date, subject to accelerated vesting upon certain changes in ownership or control of the Issuer. The shares of the Issuer's Class A common stock underlying the RSUs will, in general, be issued as the RSUs vest. (footnote continued below)
- [F2](continued from footnote 1 above) The RSUs also include dividend equivalent rights pursuant to which the Reporting Person will be credited with the same dividends on the shares of the Issuer's Class A common stock underlying the RSU grant that the Reporting Person would have received had those shares been actually outstanding at the time any dividends are paid on the Issuer's outstanding Class A common stock. The credited dividends will be paid to the Reporting Person at the same time the vested shares of the Issuer's Class A common stock to which they relate are issued under the RSU grant. When the vested shares of the Issuer's Class A common stock underlying the RSUs become issuable following the satisfaction of the applicable performance-vesting and service-vesting requirements, a portion of those shares will be withheld by the Issuer to cover the applicable withholding taxes.
- [F3]Includes (i) 23,184 shares of the Issuer's Class A common stock subject to the reported RSU award, (ii) 7,761 shares of the Issuer's Class A common stock subject to RSUs granted July 2, 2012, (iii) 3,392 shares of the Issuer's Class A common stock subject to RSUs granted July 6, 2011, (iv) 4,018 shares of the Issuer's Class A common stock subject to RSUs granted January 14, 2011 and (v) 1,006 shares of the Issuer's Class A common stock subject to RSUs granted July 6, 2010. The 7,761 shares underlying the July 2, 2012 RSUs will be issued when those units vest in a series of three successive equal installments upon the Reporting Person's continuation in service with the Issuer through each of the July 2, 2014, July 2, 2015 and July 2, 2016 vesting dates. The 3,392 shares underlying the July 6, 2011 RSUs will be issued when those units vest in a series of two successive equal installments upon the (footnote continued below)
- [F4](continued from footnote 3 above) Reporting Person's continuation in service with the Issuer through each of the July 6, 2014 and July 6, 2015 vesting dates. The 4,018 shares underlying the January 14, 2011 RSUs will be issued when those units vest upon the Reporting Person's continuation in service with the Issuer through the September 15, 2013 vesting date. The January 14, 2011 RSUs will vest in full on an accelerated basis upon an involuntary termination of the Reporting Person's service without cause. The 1,006 shares underlying the July 6, 2010 RSUs will be issued when those units vest upon the Reporting Person's continuation in service with the Issuer through the July 6, 2014 vesting date. (footnote continued below)
- [F5](continued from footnote 4 above) All of the RSUs are subject to accelerated vesting upon certain changes in ownership or control of the Issuer. Does not include (i) 1,212 target shares of the Issuer's Class A common stock subject to the performance share award made to the Reporting Person on July 2, 2012, (ii) 1,185 target shares of the Issuer's Class A common stock subject to the performance share award made to the Reporting Person on July 6, 2011 or (iii) 1,422 target shares of the Issuer's Class A common stock subject to the performance share award made to the Reporting Person on July 6, 2010. Those awards will not actually convert into any shares of the Issuer's Class A common stock unless the applicable performance goals are attained at threshold level or above.
- [F6]The non-qualified stock option will vest and become exercisable for the underlying shares of the Issuer's Class A common stock in a series of four successive equal annual installments on each of the first four one-year anniversaries of the August 13, 2013 grant date upon the Reporting Person's continuation in service with the Issuer through each such annual vesting date, subject to accelerated vesting upon certain changes in ownership or control of the Issuer.
Documents
Issuer
APOLLO GROUP INC
CIK 0000929887
Entity typeoperating
IncorporatedAZ
Related Parties
1- filerCIK 0000929887
Filing Metadata
- Form type
- 4
- Filed
- Aug 14, 8:00 PM ET
- Accepted
- Aug 15, 6:20 PM ET
- Size
- 11.5 KB