Saxberg Bror V H 4
4 · K12 INC · Filed May 27, 2009
Insider Transaction Report
Form 4
K12 INCLRN
Saxberg Bror V H
Chief Learning Officer
Transactions
- Sale
Common Stock
2009-05-26$17.88/sh−9,117$163,012→ 6,823 total - Sale
Common Stock
2009-05-26$17.88/sh−2,206$39,443→ 6,823 total - Exercise/Conversion
Employee Stock Option (right to buy)
2009-05-26−9,117→ 0 totalExercise: $7.65Exp: 2014-04-27→ Common Stock (9,117 underlying) - Exercise/Conversion
Common Stock
2009-05-26$6.83/sh+2,206$15,067→ 9,029 total - Exercise/Conversion
Common Stock
2009-05-26$7.65/sh+9,117$69,745→ 15,940 total - Exercise/Conversion
Employee Stock Option (right to buy)
2009-05-26−2,206→ 0 totalExercise: $6.83Exp: 2013-03-24→ Common Stock (2,206 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 $17.86 to $17.89, 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 ranges set forth in this footnote.
- [F2]Shares vest 25% on the one year-anniversary of the grant date (March 24, 2005) and the remaining 75% vest quarterly for the following three years.
- [F3]Shares vest 25% on the one-year anniversary of the grant date (April 27, 2006) and the remaining 75% vest quarterly for the following three years.