4//SEC Filing
Bridgepoint Education Inc 4
Accession 0001140361-15-012697
CIK 0001305323operating
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 5:48 PM ET
Size
17.8 KB
Accession
0001140361-15-012697
Insider Transaction Report
Form 4
Woodard Ross
SVP & Chief Marketing Officer
Transactions
- Sale
Common Stock
2015-03-17$9.28/sh−22,953$213,018→ 646 total - Exercise/Conversion
Common Stock
2015-03-17$0.58/sh+16,744$9,795→ 17,393 total - Exercise/Conversion
Stock Option (right to buy)
2015-03-17−5,906→ 0 totalExercise: $0.58Exp: 2017-11-27→ Common Stock (5,906 underlying) - Exercise/Conversion
Stock Option (right to buy)
2015-03-17−4,337→ 0 totalExercise: $0.58Exp: 2017-11-27→ Common Stock (4,337 underlying) - Exercise/Conversion
Common Stock
2015-03-17$0.32/sh+6,206$1,955→ 23,599 total - Exercise/Conversion
Stock Option (right to buy)
2015-03-17−6,501→ 0 totalExercise: $0.58Exp: 2017-11-27→ Common Stock (6,501 underlying) - Exercise/Conversion
Stock Option (right to buy)
2015-03-17−6,206→ 0 totalExercise: $0.32Exp: 2016-02-15→ Common Stock (6,206 underlying)
Footnotes (5)
- [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 November 19, 2014.
- [F2]Represents the weighted average share price of an aggregate total of 22,953 shares sold in the price range of $9.15 to $9.41 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 option vests on the first anniversary of the vesting commencement date, (ii) an additional 2% of the option vests 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 option vests on each of the 46th, 47th and 48th monthly anniversaries of the vesting commencement date. The vesting commencement date for this option is November 27, 2007. This option became 100% vested and exercisable on November 27, 2011.
- [F4]Subject to the reporting person's continuing service, this option vests and becomes exercisable as follows: beginning with fiscal year 2008 and ending with fiscal year 2011, 25% of the option vests for each fiscal year in which the issuer's performance targets (as defined in the stock option award), based on our annual revenue and annual EBITDA, are achieved. For any fiscal year in which the annual performance targets are not achieved, such portion will vest if in any subsequent fiscal year the cumulative revenue and EBITDA targets are achieved (the cumulative targets are defined in the stock option award). This option became 100% vested and exercisable on December 31, 2011.
- [F5]This option became 100% vested and exercisable on April 14, 2009.
Documents
Issuer
Bridgepoint Education Inc
CIK 0001305323
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001305323
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 5:48 PM ET
- Size
- 17.8 KB