APOLLO EDUCATION GROUP INC 4
4 · APOLLO EDUCATION GROUP INC · Filed Aug 14, 2014
Insider Transaction Report
Form 4
Shupp Darby E
Director
Transactions
- Award
Class A Common Stock
2014-08-12+7,106→ 26,242 total
Footnotes (2)
- [F1]Represents shares of the Issuer's Class A common stock underlying restricted stock units ("RSUs") granted to the Reporting Person. The shares of the Issuer's Class A common stock underlying the RSUs will be issued when those units vest in full upon the Reporting Person's continuation in Board service with the Issuer through August 31, 2015, subject to accelerated vesting of the entire award upon certain changes in ownership or control of the Issuer. The RSUs also include dividend equivalent rights which will entitle the Reporting Person to the same dividends that would be payable were the shares of the Issuer's Class A common stock underlying the RSUs actually outstanding shares at the time of such dividends. The credited dividends will be paid concurrently with the issuance of those shares of the Issuer's Class A common stock.
- [F2]Includes (i) 7,106 shares of the Issuer's Class A common stock subject to the reported RSU award, and (ii) 10,469 shares of the Issuer's Class A common stock subject to RSUs granted August 13, 2013 that will be issued when those units vest upon the Reporting Person's continuation in Board service with the Issuer through August 31, 2014. All of the RSUs are subject to accelerated vesting upon certain changes in ownership or control of the Issuer.