4//SEC Filing
Bridgepoint Education Inc 4
Accession 0001140361-17-014231
CIK 0001305323operating
Filed
Mar 30, 8:00 PM ET
Accepted
Mar 31, 7:53 PM ET
Size
14.2 KB
Accession
0001140361-17-014231
Insider Transaction Report
Form 4
HACKETT PATRICK T
Director
Transactions
- Award
Restricted Stock Unit
2017-03-29+2,840→ 2,840 total→ Common Stock (2,840 underlying) - Exercise/Conversion
Restricted Stock Unit
2017-03-29+2,900→ 0 total→ Common Stock (2,900 underlying) - Exercise/Conversion
Common Stock
2017-03-29+2,900→ 10,881 total - Award
Stock Option (right to buy)
2017-03-29+6,100→ 6,100 totalExercise: $10.44Exp: 2027-03-29→ Common Stock (6,100 underlying)
Holdings
- 9,638,285(indirect: See footnote)
Common Stock
Footnotes (8)
- [F1]On March 29, 2017, 2,900 of the reporting person's restricted stock units were settled for an equal number of shares of the issuer's common stock.
- [F2]Reflects the Common Stock held by Warburg Pincus Private Equity VIII, L.P., a Delaware limited partnership (together with its two affiliated partnerships, "WP VIII"). The reporting person is a director of the Company, Member and Managing Director of Warburg Pincus LLC, a New York limited liability company ("WP LLC"), and a Partner of Warburg Pincus & Co., a New York general partnership ("WP"). Warburg Pincus Partners, L.P., a Delaware limited partnership ("WP Partners"), is the general partner, both directly and indirectly, of WP VIII. Warburg Pincus Partners GP LLC, a Delaware limited liability company ("WP Partners GP"), is the general partner of WP Partners. WP is the managing member of WP Partners GP.
- [F3]WP LLC is the manager of WP VIII. 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 Partners GP, WP and WP LLC (collectively, the "Warburg Pincus Entities").
- [F4]All shares of Common Stock indicated as indirectly owned by Mr. Hackett are included because of his affiliation with the Warburg Pincus Entities. 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 the reporting person 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.
- [F5]Subject to the reporting person's continuing service, 100% of the shares subject to the option shall vest and become exercisable on March 29, 2018.
- [F6]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- [F7]Subject to the reporting person's continuing service, 100% of the restricted stock units shall vest on March 29, 2018.
- [F8]On March 29, 2017, 100% of the restricted stock units vested and were settled for an equal number of shares of the issuer's common stock.
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, 7:53 PM ET
- Size
- 14.2 KB