Szalay Maria A. 4/A
4/A · K12 INC · Filed Nov 2, 2011
Insider Transaction Report
Form 4/AAmended
K12 INCLRN
Szalay Maria A.
SVP, Product Development
Transactions
- Exercise/Conversion
Common Stock
2011-07-08$17.46/sh+433$7,560→ 9,508 total - Exercise/Conversion
Employee Stock Option (right to buy)
2011-07-08−433→ 8,663 totalExercise: $17.46Exp: 2017-07-13→ Common Stock (433 underlying) - Exercise/Conversion
Common Stock
2011-07-08$13.66/sh+490$6,693→ 9,075 total
Footnotes (2)
- [F1]This transaction was previously reported as an exercise of an option granted on July 3, 2007 at a conversion price of $13.66; however, this transaction was actually exercise of an option that was granted on July 13, 2009 at a conversion price of $17.46. Therefore, the acquisition of 923 shares at a single exercise price on July 8, 2011 (as disclosed in Table I of the original form) was actually the acquisition of 490 and 433 shares, respectively, at two different exercise prices as noted in Table I of this amended form.
- [F2]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.