4//SEC Filing
APOLLO EDUCATION GROUP INC 4
Accession 0000929887-15-000106
CIK 0000929887operating
Filed
Aug 13, 8:00 PM ET
Accepted
Aug 14, 4:54 PM ET
Size
10.5 KB
Accession
0000929887-15-000106
Insider Transaction Report
Form 4
Cappelli Gregory William
DirectorEVP Global Strat & Asst to Chr
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2015-08-12+665,139→ 665,139 totalExercise: $12.41Exp: 2021-08-11→ Class A Common Stock (665,139 underlying) - Award
Class A Common Stock
2015-08-12+236,907→ 704,155 total
Footnotes (5)
- [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 one-third of the RSUs will vest upon the Reporting Person's continuation in service with the Issuer through August 12, 2016, and the balance will vest in a series of two successive equal installments upon the Reporting Person's continuation in service with the Issuer through each of the second and third anniversaries of the August 12, 2015 grant date, subject to accelerated vesting upon certain changes in ownership or control of the Issuer. (footnote continued below)
- [F2](continued from footnote 1 above) In addition, the Reporting Person will be entitled to certain service-vesting credits in the event his employment should terminate under certain specified circumstances during the service-vesting period. The shares of the Issuer's Class A common stock underlying the RSUs will, in general, be issued as the RSUs vest. 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. (footnote continued below)
- [F3](continued from footnote 2 above) 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.
- [F4]Includes (i) 236,907 shares of the Issuer's Class A common stock subject to the reported RSU award and (ii) 137,997 shares of the Issuer's Class A common stock subject to RSUs granted on August 12, 2014. The 137,997 shares listed in (ii) above will be issued when those units vest (subject to an initial performance-vesting requirement) in a series of three successive equal installments upon the Reporting Person's continuation in service with the Issuer through each of the August 12, 2015, August 12, 2016, and August 12, 2017 vesting dates. All of the RSUs are subject to accelerated vesting upon certain changes in ownership or control of the Issuer, and all of the RSUs are subject to service-vesting credits in the event the Reporting Person is terminated under certain specified circumstances during the service-vesting period.
- [F5]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 three successive equal annual installments on each of the first three 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. In addition, the Reporting Person will be entitled to certain service-vesting credits in the event his employment with the Issuer should terminate under certain specified circumstances during the service-vesting period.
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, 4:54 PM ET
- Size
- 10.5 KB