K12 INC 4
4 · K12 INC · Filed May 4, 2017
Insider Transaction Report
Form 4
K12 INCLRN
Zarella Joseph
EVP, Business Operations
Transactions
- Exercise/Conversion
Common Stock
2017-05-03$12.25/sh+12,269$150,295→ 105,412 total - Sale
Common Stock
2017-05-03$20.54/sh−12,269$252,005→ 93,143 total - Tax Payment
Common Stock
2017-05-03$20.32/sh−1,628$33,081→ 91,515 total - Exercise/Conversion
Employee Stock Option (right to buy)
2017-05-03−12,269→ 47,731 totalExercise: $12.25Exp: 2022-11-03→ Common Stock (12,269 underlying)
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.50 to $20.56, inclusive. The reporting person undertakes to provide to K12 Inc., any security holder of K12 Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F2]Represents the number of shares withheld by the Company upon the vesting of restricted shares to cover the executive's withholding tax on income associated with the satisfaction of all vesting conditions. The number of shares withheld is based upon the closing price of a share of K12 common stock on the vesting date, or if the vesting date fell on a weekend or market holiday, upon the closing price of a share of K12 common stock on the most recent prior market day.
- [F3]Shares vest 25% on the one-year anniversary of the grant date and the remaining 75% vest quarterly for the following three years.