Stokes Celia M 4
4 · K12 INC · Filed Nov 4, 2011
Insider Transaction Report
Form 4
K12 INCLRN
Stokes Celia M
EVP & Chief Marketing Officer
Transactions
- Sale
Common Stock
2011-11-03$35.24/sh−2,500$88,100→ 29,326 total - Exercise/Conversion
Employee Stock Option (right to buy)
2011-11-03−2,500→ 30,305 totalExercise: $17.46Exp: 2017-07-13→ Common Stock (2,500 underlying) - Exercise/Conversion
Common Stock
2011-11-03$17.46/sh+2,500$43,650→ 31,826 total
Footnotes (3)
- [F1]The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 1, 2011.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.01 to $35.48, 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 (07/13/2009) and the remaining 75% vest quarterly for the following three years.