ITT EDUCATIONAL SERVICES INC 4
4 · ITT EDUCATIONAL SERVICES INC · Filed May 3, 2016
Insider Transaction Report
Form 4
WEBER VIN
Director
Transactions
- Award
Phantom Units
2016-05-02+46,083→ 46,083 total→ Common Stock (46,083 underlying)
Footnotes (2)
- [F1]Each phantom unit is the economic equivalent of one share of ITT Educational Services, Inc. common stock.
- [F2]The phantom units are scheduled to vest on May 2, 2017, and payment will be made to the reporting person within 60 days thereafter of an amount in cash equal to the number of vested phantom units multiplied by the closing stock price of the issuer's common stock on May 2, 2017.