Bridgepoint Education Inc 4
4 · Bridgepoint Education Inc · Filed Mar 31, 2016
Insider Transaction Report
Form 4
Sheng Rodney T.
SVP & Chief Admin. Officer
Transactions
- Tax Payment
Common Stock
2016-03-29$10.59/sh−6,661$70,540→ 18,964 total - Exercise/Conversion
Restricted Stock Units
2016-03-29−6,700→ 6,700 total→ Common Stock (6,700 underlying) - Exercise/Conversion
Restricted Stock Units
2016-03-29−5,960→ 11,920 total→ Common Stock (5,960 underlying) - Exercise/Conversion
Common Stock
2016-03-29+17,723→ 25,625 total - Exercise/Conversion
Restricted Stock Units
2016-03-29−5,063→ 15,189 total→ Common Stock (5,063 underlying)
Footnotes (5)
- [F1]On March 29, 2016, 17,723 of the reporting person's restricted stock units were settled for an equal number of shares of the issuer's common stock.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- [F3]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.
- [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, 2014.
- [F5]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.