Devine Daniel J. 4
4 · Bridgepoint Education Inc · Filed Sep 13, 2012
Insider Transaction Report
Form 4
Devine Daniel J.
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2012-09-11$11.38/sh−48,034$546,627→ 84,105 total - Exercise/Conversion
Common Stock
2012-09-11$0.32/sh+99,754$31,423→ 132,139 total - Exercise/Conversion
Stock Option (right to buy)
2012-09-11−1,554→ 0 totalExercise: $0.32Exp: 2014-04-01→ Common Stock (1,554 underlying) - Exercise/Conversion
Stock Option (right to buy)
2012-09-11−38,554→ 0 totalExercise: $0.32Exp: 2014-04-01→ Common Stock (38,554 underlying) - Exercise/Conversion
Stock Option (right to buy)
2012-09-11−12,407→ 0 totalExercise: $0.32Exp: 2014-04-01→ Common Stock (12,407 underlying) - Exercise/Conversion
Stock Option (right to buy)
2012-09-11−47,239→ 0 totalExercise: $0.32Exp: 2014-04-01→ Common Stock (47,239 underlying)
Footnotes (2)
- [F1]The share issuance reported on Table I (indicated by transaction code M) reflects shares issued upon the exercise of employee stock options granted on February 15, 2006 and April 14, 2009, which, if unexercised, would expire on April 1, 2014. The option exercises are reported on Table II. The exercises were pursuant to a net issuance program adopted by the issuer's board of directors to allow for exercise of the options prior to their expiration. Upon exercise of an option pursuant to the program, the issuer retains shares sufficient in value to cover the aggregate option exercise price and applicable withholding taxes. The withheld shares are indicated by transaction code F on Table I. No shares are sold into the market in connection with option exercises pursuant to the net issuance program.
- [F2]Immediately exercisable.