STAVIS ROBERT M 4
4 · 2U, Inc. · Filed Apr 27, 2018
Insider Transaction Report
Form 4
2U, Inc.TWOU
STAVIS ROBERT M
Director
Transactions
- Award
Common Stock
2018-04-25$78.77/sh+63$4,963→ 115,125 total - Award
Common Stock
2018-04-25+190→ 115,315 total - Award
Common Stock
2018-04-25+698→ 114,745 total - Award
Common Stock
2018-04-25$78.77/sh+317$24,970→ 115,062 total - Award
Employee Stock Option (right to buy)
2018-04-25+1,504→ 1,504 totalExercise: $78.77Exp: 2028-04-25→ Common Stock (1,504 underlying)
Footnotes (7)
- [F1]The security represents restricted stock units granted to the reporting person. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer.
- [F2]The restricted stock unit award will vest as to one-third of the underlying shares on each of April 1, 2019, 2020 and 2021, subject to the reporting person's continued service as a director of the issuer as of the applicable vesting date.
- [F3]The amount reported includes 35,707 shares held by Stavis Ventures II, LLC ("Stavis Ventures"), and 35,740 shares held by Stavco Venture Holdings LLC ("Stavco Venture Holdings"). Stavis Ventures and Stavco Venture Holdings are controlled by the reporting person, and the reporting person disclaims beneficial ownership of the shares held by these entities, except to the extent of his pecuniary interest therein, if any.
- [F4]The shares underlying this restricted stock unit award will vest in full on April 1, 2019, subject to the reporting person's continued service as a director of the issuer as of that date.
- [F5]The restricted stock units were issued to the reporting person in lieu of annual director retainer fees of $25,000.
- [F6]The restricted stock units were issued to the reporting person in lieu of annual chairman retainer fees of $5,000.
- [F7]The option award will vest as to one-third of the underlying shares on each of April 1, 2019, 2020 and 2021, subject to the reporting person's continued service with the issuer as of the applicable vesting date.