APOLLO EDUCATION GROUP INC 4
4 · APOLLO EDUCATION GROUP INC · Filed Feb 2, 2017
Insider Transaction Report
Form 4
Slottow Timothy Paul
President, UOPX
Transactions
- Disposition to Issuer
Class A Common Stock
2017-02-01$10.00/sh−71,539$715,390→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2017-02-01−14,368→ 0 totalExercise: $26.74Exp: 2020-08-11→ Class A Common Stock (14,368 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2017-02-01−44,712→ 0 totalExercise: $12.41Exp: 2021-08-11→ Class A Common Stock (44,712 underlying)
Footnotes (1)
- [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 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.