ELWOOD CLARK D 4
4 · ITT EDUCATIONAL SERVICES INC · Filed Jan 31, 2012
Insider Transaction Report
Form 4
ELWOOD CLARK D
Sr VP, Gen Counsel & Secretary
Transactions
- Tax Payment
Common Stock
2012-01-27$66.83/sh−979$65,427→ 8,540 total - Disposition to Issuer
Common Stock
2012-01-27$62.79/sh−3,062$192,263→ 8,540 total - Exercise/Conversion
Common Stock
2012-01-27+3,062→ 11,602 total - Exercise/Conversion
Restricted Stock Units
2012-01-27−3,062→ 0 totalFrom: 2012-01-27Exp: 2012-01-27→ Common Stock (3,062 underlying)
Holdings
- 6,097(indirect: By 401(k))
Common Stock
Footnotes (2)
- [F1]Represents shares withheld to satisfy tax withholding obligations associated with the settlement of 3,173 restricted stock units in the form of Company common stock on a one-for-one basis on January 27, 2012.
- [F2]This transaction relates to the settlement of certain restricted stock units awarded to the reporting person on January 27, 2011. Each restricted stock unit was the economic equivalent to one share of Company common stock. Each of these restricted stock units was settled in cash in an amount equal to the average of the closing market prices of the Company's common stock over the 20 trading days prior to the settlement date of January 27, 2012.