Szalay Maria A. 4
4 · K12 INC · Filed Oct 31, 2011
Insider Transaction Report
Form 4
K12 INCLRN
Szalay Maria A.
SVP, Product Development
Transactions
- Sale
Common Stock
2011-10-27$36.06/sh−6,252$225,447→ 17,135 total - Exercise/Conversion
Employee Stock Option (right to buy)
2011-10-27−491→ 0 totalExercise: $13.66Exp: 2015-07-03→ Common Stock (491 underlying) - Exercise/Conversion
Common Stock
2011-10-27$23.45/sh+2,733$64,089→ 21,462 total - Exercise/Conversion
Employee Stock Option (right to buy)
2011-10-27−1,103→ 0 totalExercise: $13.66Exp: 2015-07-03→ Common Stock (1,103 underlying) - Exercise/Conversion
Employee Stock Option (right to buy)
2011-10-27−2,733→ 8,690 totalExercise: $23.45Exp: 2016-08-21→ Common Stock (2,733 underlying) - Exercise/Conversion
Common Stock
2011-10-27$13.66/sh+1,594$21,774→ 18,729 total - Exercise/Conversion
Common Stock
2011-10-27$17.46/sh+1,925$33,611→ 23,387 total - Exercise/Conversion
Employee Stock Option (right to buy)
2011-10-27−1,925→ 6,738 totalExercise: $17.46Exp: 2017-07-13→ Common Stock (1,925 underlying)
Footnotes (5)
- [F1]The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 21, 2011.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.00 to $37.00, 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.
- [F3]Shares vest 25% on the one-year anniversary of the grant date (July 3, 2007) and the remaining 75% vest quarterly for the following three years.
- [F4]Shares vest 25% on the one-year anniversary of the grant date (August 21, 2008) and the remaining 75% vest quarterly for the following three years.
- [F5]Shares vest 25% on the one-year anniversary of the grant date (July 13, 2009) and the remaining 75% vest quarterly for the following three years.