Hughson William B. 4
4 · DEVRY INC · Filed Aug 31, 2012
Insider Transaction Report
Form 4
Hughson William B.
President, Medical &
Transactions
- Award
Common Stock
2012-08-29+6,050→ 7,050 total - Award
Non-qualified Stock Option (Right to Buy)
2012-08-29+21,998→ 21,998 totalExercise: $18.60From: 2013-08-29Exp: 2022-08-29→ Common Stock (21,998 underlying) - Award
Incentive Stock Option (Right to Buy)
2012-08-29+5,377→ 5,377 totalExercise: $18.60From: 2013-08-29Exp: 2022-08-29→ Common Stock (5,377 underlying) - Tax Payment
Common Stock
2012-08-28$19.12/sh−526$10,057→ 2,143 total - Award
Common Stock
2012-08-28+1,669→ 2,669 total
Footnotes (5)
- [F1]The common stock is a restricted stock unit which represents a right to receive one share of common stock for each restricted stock unit. Stock units vest in four equal installments beginning on the anniversary of the transaction date.
- [F2]Common stock acquired upon lapsing of restrictions of performance-based restricted stock units, known as "Performance Shares" at DeVry Inc., granted November 10, 2009. Common stock issued reflects maximum level of achievement of a performance target based on average Return on Invested Capital (ROIC) over a three-year period.
- [F3]Represents shares of common stock withheld to satisfy the tax withholding obligation upon the vesting of Performance Shares and the issuance of the underlying shares of common stock.
- [F4]This option vests at 25% per year. This option will be fully vested at the end of the 4th year. This option was issued in two parts- one as an ISO and the other as a non-qualified option due to the ISO limitations.
- [F5]This option vests at 25% per year. This option will be fully vested at the end of the 4th year.