APOLLO EDUCATION GROUP INC 4
4 · APOLLO EDUCATION GROUP INC · Filed Feb 2, 2017
Insider Transaction Report
Form 4
BISHOP TERRI C
DirectorExecutive VP, External Affairs
Transactions
- Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2017-02-01−17,436→ 0 totalExercise: $20.06Exp: 2019-08-12→ Class A Common Stock (17,436 underlying) - Disposition to Issuer
Class A Common Stock
2017-02-01$10.00/sh−60,033$600,330→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2017-02-01−15,584→ 0 totalExercise: $26.74Exp: 2020-08-11→ Class A Common Stock (15,584 underlying) - Disposition to Issuer
Class A Common Stock
2017-02-01$10.00/sh−45,448$454,480→ 0 total(indirect: By Trust) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2017-02-01−8,736→ 0 totalExercise: $47.47Exp: 2017-07-05→ Class A Common Stock (8,736 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2017-02-01−560→ 0 totalExercise: $36.34Exp: 2018-07-01→ Class A Common Stock (560 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2017-02-01−32,152→ 0 totalExercise: $12.41Exp: 2021-08-11→ Class A Common Stock (32,152 underlying)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A and Class B common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, (i) restricted stock units automatically vested and were converted into the right to receive the Merger Consideration, without interest and less any required withholding taxes, and (ii) stock options automatically vested and were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.
- [F2]By self as co-trustee and beneficiary of the Tom & Terri Bishop, TTEES Bishop Family Living Trust dated February 24, 1999.