Bridgepoint Education Inc 4
4 · Bridgepoint Education Inc · Filed Mar 31, 2015
Insider Transaction Report
Form 4
Woodard Ross
SVP & Chief Marketing Officer
Transactions
- Award
Performance-Based Restricted Stock Units (PSUs)
2015-03-29+7,561→ 7,561 total→ Common Stock (7,561 underlying) - Exercise/Conversion
Restricted Stock Units
2015-03-31−2,845→ 8,535 total→ Common Stock (2,845 underlying) - Tax Payment
Common Stock
2015-03-31$9.43/sh−2,673$25,206→ 5,083 total - Award
Stock Option (right to buy)
2015-03-29+15,299→ 15,299 totalExercise: $9.43Exp: 2025-03-29→ Common Stock (15,299 underlying) - Exercise/Conversion
Common Stock
2015-03-31+7,110→ 7,756 total - Exercise/Conversion
Restricted Stock Units
2015-03-31−4,265→ 8,530 total→ Common Stock (4,265 underlying) - Award
Restricted Stock Units
2015-03-29+7,366→ 7,366 total→ Common Stock (7,366 underlying)
Footnotes (8)
- [F1]On March 31, 2015, 7,110 of the reporting person's restricted stock units were settled for an equal number of the issuer's common stock.
- [F2]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 March 29, 2015.
- [F3]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- [F4]Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 25% of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 25% of the restricted stock units shall vest on each subsequent anniversary of the vesting commencement date. The vesting commencement date for the restricted stock units is March 29, 2015.
- [F5]Each performance 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, the performance stock units vest as follows: (i) 25% of the performance stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 25% of the performance stock units shall vest on each subsequent anniversary of the vesting commencement date, in each case contingent upon achievement of the stock price performance goal for the immediately preceding performance period. The vesting commencement date for the performance stock units is March 29, 2015.
- [F7]Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 25% of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 25% of the restricted stock units shall vest on each subsequent anniversary of the vesting commencement date. The vesting commencement date for the restricted stock units is March 29, 2013.
- [F8]Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 25% of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 25% of the restricted stock units shall vest on each subsequent anniversary of the vesting commencement date. The vesting commencement date for the restricted stock units is March 29, 2014.