4//SEC Filing
Bridgepoint Education Inc 4
Accession 0001140361-15-013752
CIK 0001305323operating
Filed
Mar 30, 8:00 PM ET
Accepted
Mar 31, 9:19 PM ET
Size
20.0 KB
Accession
0001140361-15-013752
Insider Transaction Report
Form 4
Sarma Adarsh
Director
Transactions
- Exercise/Conversion
Common Stock
2015-03-31+2,040→ 4,960 total - Award
Stock Option (right to buy)
2015-03-29+6,274→ 6,274 totalExercise: $9.43Exp: 2025-03-29→ Common Stock (6,274 underlying) - Award
Restricted Stock Units
2015-03-29+3,021→ 3,021 total→ Common Stock (3,021 underlying) - Exercise/Conversion
Restricted Stock Units
2015-03-31−2,040→ 0 total→ Common Stock (2,040 underlying)
Holdings
- 27,710,574(indirect: See footnote)
Common Stock
Footnotes (7)
- [F1]On March 31, 2015, 2,040 of the reporting person's restricted stock units were settled for an equal number of the issuer's common stock.
- [F2]Shares held by Warburg Pincus Private Equity VIII, L.P., a Delaware limited partnership (and together with two affiliated partnerships, "WP VIII"). The reporting person is a Managing Director and Member of Warburg Pincus LLC, a New York limited liability company ("WP LLC"). Warburg Pincus & Co., a New York general partnership ("WP"), is the managing member of Warburg Pincus Partners, LLC, a New York limited liability company ("WP Partners"), the general partner of WP VIII. WP VIII is managed by WP LLC. As a result, the reporting person may be deemed to have an indirect pecuniary interest (within the meaning of Rule 16a-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) in an indeterminate portion of the securities that may be deemed to be beneficially owned by WP VIII, WP Partners, WP and WP LLC (collectively, the "Warburg Pincus Entities").
- [F3]The reporting person disclaims beneficial ownership of all securities that may be deemed to be beneficially owned by the Warburg Pincus Entities, except to the extent of any indirect pecuniary interest therein. This Form 4 shall not be deemed an admission that Mr. Sarma or any other person referred to herein is a beneficial owner of any securities for purposes of Section 16 of the Exchange Act or for any other purposes.
- [F4]Subject to the reporting person's continuing service, 100% of the shares subject to the option shall vest and become exercisable on March 29, 2016.
- [F5]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- [F6]Subject to the reporting person's continuing service, 100% of the restricted stock units shall vest on March 29, 2016.
- [F7]100% of the restricted stock units vested on March 29, 2015 and were settled for an equal number of the issuer's common stock on March 31, 2015.
Documents
Issuer
Bridgepoint Education Inc
CIK 0001305323
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001305323
Filing Metadata
- Form type
- 4
- Filed
- Mar 30, 8:00 PM ET
- Accepted
- Mar 31, 9:19 PM ET
- Size
- 20.0 KB