Bridgepoint Education Inc 4
4 · Bridgepoint Education Inc · Filed Feb 13, 2014
Insider Transaction Report
Form 4
Dackerman Charlene
SVP of Human Resources
Transactions
- Exercise/Conversion
Common Stock
2014-02-12$15.81/sh+1,182$18,687→ 2,322 total - Sale
Common Stock
2014-02-12$17.90/sh−1,182$21,158→ 1,140 total - Exercise/Conversion
Stock Option (right to buy)
2014-02-12−1,182→ 13,418 totalExercise: $15.81Exp: 2020-08-05→ Common Stock (1,182 underlying)
Footnotes (3)
- [F1]The sale of shares reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on December 6, 2013.
- [F2]Represents the weighted average share price of an aggregate total of 1,182 shares sold in the price range of $17.85 to $17.97 by the reporting person. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F3]Subject to the reporting person's continuing service, this option vests and becomes exercisable as follows: (i) 25% of the shares subject to the option shall vest and become exercisable on the first anniversary of the vesting commencement date, (ii) an additional 2% of the shares subject to the option shall vest and become exercisable on each monthly anniversary of the vesting commencement date for the thirty-three months following the first anniversary of the vesting commencement date and (iii) an additional 3% of the shares subject to the option shall vest and become exercisable on each of the 46th, 47th and 48th monthly anniversaries of the vesting commencement date. The vesting commencement date for this option is August 5, 2010.