K12 INC 4
4 · K12 INC · Filed Sep 3, 2013
Insider Transaction Report
Form 4
K12 INCLRN
Murray Timothy
President and COO
Transactions
- Award
Common Stock
2013-08-29+30,000→ 85,879 total - Award
Common Stock
2013-08-29+100,000→ 185,879 total
Footnotes (2)
- [F1]These shares are restricted and will vest semi-annually, with 20% vesting in the first year and 40% vesting in each of the next two years following the grant date.
- [F2]These shares are restricted and will only begin vesting upon the achievement of performance objectives based on the Company's fiscal year 2014 EBITDA and capital expenditures. Upon a determination of the extent to which the performance objectives were achieved, which will correspondingly determine the number of shares to be vested, the shares will vest as follows: 12% shall vest immediately, 48% shall vest in four equal installments every six months thereafter, 20% shall vest after three years, and 20% shall vest after four years.