4//SEC Filing
APOLLO EDUCATION GROUP INC 4
Accession 0000929887-13-000181
CIK 0000929887operating
Filed
Dec 17, 7:00 PM ET
Accepted
Dec 18, 5:36 PM ET
Size
11.6 KB
Accession
0000929887-13-000181
Insider Transaction Report
Form 4
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2013-12-16+31,076→ 31,076 totalExercise: $25.79Exp: 2019-12-15→ Class A Common Stock (31,076 underlying) - Award
Class A Common Stock
2013-12-16+77,550→ 104,306 total - Award
Class A Common Stock
2013-12-16+26,756→ 26,756 total
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 December 16, 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.
- [F2]The RSUs reported in line 1 and line 2 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 26,756 shares of the Issuer's Class A common stock subject to the reported RSU award in line 1.
- [F4]Represents shares of the Issuer's Class A common stock underlying 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 20% 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 two successive equal annual installments upon the Reporting Person's continuation in service with the Issuer through the December 16, 2015 and December 16, 2016 vesting dates, subject to accelerated vesting upon certain changes in ownership or control of the Issuer. The underlying shares of the Issuer's of Class A common stock will, in general, be issued as the RSUs vest.
- [F5]Includes 77,550 shares of the Issuer's Class A common stock subject to the reported RSU award in line 2.
- [F6]The 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 December 16, 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 EDUCATION GROUP INC
CIK 0000929887
Entity typeoperating
IncorporatedAZ
Related Parties
1- filerCIK 0000929887
Filing Metadata
- Form type
- 4
- Filed
- Dec 17, 7:00 PM ET
- Accepted
- Dec 18, 5:36 PM ET
- Size
- 11.6 KB