4//SEC Filing
APOLLO EDUCATION GROUP INC 4
Accession 0000929887-15-000104
CIK 0000929887operating
Filed
Aug 13, 8:00 PM ET
Accepted
Aug 14, 4:53 PM ET
Size
16.3 KB
Accession
0000929887-15-000104
Insider Transaction Report
Form 4
BISHOP TERRI C
DirectorExecutive VP, External Affairs
Transactions
- Tax Payment
Class A Common Stock
2015-08-13$12.04/sh−2,413$29,053→ 84,498 total - Gift
Class A Common Stock
2015-08-13−4,006→ 80,492 total - Award
Class A Common Stock
2015-08-12+43,516→ 86,911 total - Gift
Class A Common Stock
2015-08-13+4,006→ 32,680 total(indirect: By Trust) - Award
Non-Qualified Stock Option (right to buy)
2015-08-12+32,152→ 32,152 totalExercise: $12.41Exp: 2021-08-11→ Class A Common Stock (32,152 underlying)
Footnotes (9)
- [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, 2016, 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 12, 2015 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 have been deferred and will be issued in one lump sum on January 1, 2021. (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) 43,516 shares of the Issuer's Class A common stock subject to the reported RSU award, (ii) 20,196 shares of the Issuer's Class A common stock subject to RSUs granted August 12, 2014, (iii) 12,838 shares of the Issuer's Class A common stock subject to RSUs granted August 13, 2013, (iv) 777 shares of the Issuer's Class A common stock subject to RSUs granted May 1, 2013, and (v) 3,165 shares of the Issuer's Class A common stock subject to RSUs granted July 2, 2012. The 20,196 shares listed in (ii) above will be issued when those units vest (subject to an initial performance-vesting requirement) in a series of four successive equal installments upon the Reporting Person's continuation in service with the Issuer through each of the August 31, 2015, August 12, 2016, August 12, 2017 and August 12, 2018 vesting dates. (footnote continued below)
- [F4](continued from footnote 3 above) The 12,838 shares listed in (iii) above will be issued when those units vest in a series of two successive equal installments upon the Reporting Person's continuation in service with the Issuer through each of the August 13, 2016 and August 13, 2017 vesting dates. The 777 shares listed in (iv) above and the 3,165 shares listed in (v) above will be issued when those units vest upon the Reporting Person's continuation in service with the Issuer through the July 2, 2016 vesting date. All of the RSUs are subject to accelerated vesting upon certain changes in ownership or control of the Issuer.
- [F5]Does not include 1,983 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. The award 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]Also includes 6,419 shares of the Issuer's Class A common stock subject to RSUs granted August 13, 2013, which were issued when those units vested on August 13, 2015.
- [F7]Represents shares of the Issuer's Class A common stock withheld to satisfy the Issuer's tax withholding obligation upon the vesting of RSUs and the issuance of the underlying shares of the Issuer's Class A common stock.
- [F8]By self as co-trustee and beneficiary of the Tom & Terri Bishop, TTEES Bishop Family Living Trust dated February 24, 1999.
- [F9]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 anniversaries of the August 12, 2015 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
- Aug 13, 8:00 PM ET
- Accepted
- Aug 14, 4:53 PM ET
- Size
- 16.3 KB