Novad Mark E. 4

Accession 0001209191-12-045938

CIK 0000880059other

View on SEC.gov Company Profile

Filed

Sep 17, 8:00 PM ET

Accepted

Sep 18, 3:42 PM ET

Size

29.1 KB

Accession

0001209191-12-045938

Insider Transaction Report

Form 4

Period: 2012-09-13

EDUCATION MANAGEMENT CORPORATIONEDMC

Novad Mark E.

Senior Vice President of HR

Transactions

Disposition to Issuer
Employee Stock Options (right to buy)
2012-09-13−2,460→ 2,460 total
Exercise: $21.46Exp: 2016-05-31→ Common Stock (2,460 underlying)
Award
Employee Stock Options (right to buy)
2012-09-13−7,100→ 7,100 total
Exercise: $20.93Exp: 2021-11-02→ Common Stock (7,100 underlying)
Award
Employee Stock Options (right to buy)
2012-09-13+1,566→ 1,566 total
Exercise: $3.59Exp: 2017-05-31→ Common Stock (1,566 underlying)
Award
Employee Stock Options (right to buy)
2012-09-13+3,085→ 3,085 total
Exercise: $3.59Exp: 2019-09-30→ Common Stock (3,085 underlying)
Disposition to Issuer
Employee Stock Options (right to buy)
2012-09-13−2,460→ 2,460 total
Exercise: $21.46Exp: 2016-05-31→ Common Stock (2,460 underlying)
Disposition to Issuer
Employee Stock Options (right to buy)
2012-09-13−4,474→ 4,474 total
Exercise: $18.00Exp: 2019-09-30→ Common Stock (4,474 underlying)
Award
Employee Stock Options (right to buy)
2012-09-13+1,566→ 1,566 total
Exercise: $3.59From: 2013-09-13Exp: 2017-05-31→ Common Stock (1,566 underlying)
Award
Employee Stock Options (right to buy)
2012-09-13+6,230→ 6,230 total
Exercise: $3.59Exp: 2020-09-29→ Common Stock (6,230 underlying)
Disposition to Issuer
Employee Stock Options (right to buy)
2012-09-13−8,100→ 8,100 total
Exercise: $14.68Exp: 2020-09-29→ Common Stock (8,100 underlying)
Award
Employee Stock Options (right to buy)
2012-09-13−27,900→ 27,900 total
Exercise: $11.11Exp: 2022-05-03→ Common Stock (27,900 underlying)
Award
Employee Stock Options (right to buy)
2012-09-13+5,035→ 5,035 total
Exercise: $3.59Exp: 2021-11-02→ Common Stock (5,035 underlying)
Award
Employee Stock Options (right to buy)
2013-09-13+24,051→ 24,051 total
Exercise: $3.59Exp: 2022-05-03→ Common Stock (24,051 underlying)

Footnotes (13)

[F1]Options were to vest in five equal annual installments on each May 15, 2009 to 2013.
[F10]Of these options, 75% vest on September 13, 2013 and 25% vest on October 1, 2013.
[F11]Of these options, 50% vest on September 13, 2013 and 25% vest on September 30, 2013 and 25% vest on September 30, 2014.
[F12]Of these options, 25% vest on September 13, 2013 and the remainder vest in three equal annual installments on each November 2, 2013 to 2015.
[F13]Of these options, 25% vest on September 13, 2013, and the remainder vest in three equal annual installments on each May 4, 2014 to 2016.
[F2]The reporting person agreed to cancellation of these options in exchange for new options having a lower exercise price.
[F3]Options were to vest based on investment returns to certain of the Company's shareholders.
[F4]Options were to vest in four equal annual installments on each September 30, 2010 to 2013.
[F5]Options were to vest in four equal annual installments on each September 29, 2011 to 2014.
[F6]Options were to vest in four equal annual installments on each November 3, 2012 to 2015.
[F7]Options were to vest in four equal annual installments on each May 4, 2013 to 2016.
[F8]The reporting person agreed to the cancellation of options previously granted to him in exchange for new options having a lower exercise price.
[F9]Options vest based on investment returns to certain of the Company's shareholders, which have not been satisfied.

Documents

1 file

4
c29975_4x0.xmlPrimary
MAIN DOCUMENT DESCRIPTION

Issuer

EDUCATION MANAGEMENT CORPORATION

CIK 0000880059

→

Entity typeother

Related Parties

filerCIK 0001538304

Filing Metadata

Form type: 4
Filed: Sep 17, 8:00 PM ET
Accepted: Sep 18, 3:42 PM ET
Size: 29.1 KB

View on SEC.gov