4//SEC Filing
Polacek Steven L. 4
Accession 0001209191-18-045146
CIK 0001104349other
Filed
Aug 2, 8:00 PM ET
Accepted
Aug 3, 8:38 AM ET
Size
17.4 KB
Accession
0001209191-18-045146
Insider Transaction Report
Form 4
Polacek Steven L.
SVP & CFO
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2018-08-01−3,845→ 0 totalExercise: $65.40Exp: 2025-02-18→ Common Stock (3,845 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2018-08-01−16,727→ 0 totalExercise: $76.70Exp: 2027-02-27→ Common Stock (16,727 underlying) - Disposition to Issuer
Cash-settled Restricted Stock Units
2018-08-01−10,057→ 0 totalFrom: 2020-01-31→ Common Stock (10,057 underlying) - Disposition to Issuer
Common Stock
2018-08-01−38,869→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2018-08-01−24,215→ 0 totalExercise: $45.46Exp: 2026-02-21→ Common Stock (24,215 underlying)
Footnotes (6)
- [F1]Each share of common stock of Capella Education Company ("Capella") reported as disposed of herein was cancelled and converted into the right to receive 0.875 shares of Strategic Education, Inc. (the "Exchange Ratio") at the effective time of the merger pursuant to that certain Agreement and Plan of Merger, dated as of October 29, 2017, by and among Strayer Education, Inc. (which was renamed "Strategic Education, Inc." on August 1, 2018), Capella and Sarg Sub Inc. ("Merger Sub"), whereby the parties thereto effected the merger of Capella into Merger Sub to become a wholly owned subsidiary of Strayer Education, Inc.(the "Merger"). No additional consideration was received in connection with the disposition of such securities.
- [F2]Includes 10,971 restricted stock unit awards to acquire common stock of Capella ("Capella RSUs"), 6,850 of which were due to vest on February 22, 2019 and 4,121 of which were due to vest on February 27, 2020. Pursuant to the Merger Agreement, each Capella RSU was disposed of in exchange for a number of restricted stock unit awards to acquire common stock of Strategic Education, Inc. ("Strategic RSU's") based on the Exchange Ratio. The Strategic RSUs will be subject to substantially the same terms and conditions of the Capella RSUs. No additional consideration was received in connection with the disposition of such securities.
- [F3]This option provided for vesting in four equal annual installments beginning February 19, 2016, of which 3,845 shares remained unexercised. Pursuant to the Merger Agreement, each unexercised option was disposed of in exchange for options to acquire a number of Strategic Education, Inc.'s common stock ("Strategic common stock") shares based on the Exchange Ratio with an exercise price per share of Strategic common stock equal to the exercise price per share of the Capella stock options divided by the Exchange Ratio. No additional consideration was received in connection with the disposition of such securities.
- [F4]This option provided for vesting in four equal annual installments beginning February 22, 2017, of which 24,215 shares remained unexercised. Pursuant to the Merger Agreement, each unexercised option was disposed of in exchange for options to acquire a number of Strategic common stock shares based on the Exchange Ratio with an exercise price per share of Strategic common stock equal to the exercise price per share of the Capella stock options divided by the Exchange Ratio. No additional consideration was received in connection with the disposition of such securities.
- [F5]This option provided for vesting in four equal annual installments beginning February 27, 2018, of which 16,727 shares remained unexercised. Pursuant to the Merger Agreement, each unexercised option was disposed of in exchange for options to acquire a number of Strategic common stock shares based on the Exchange Ratio with an exercise price per share of Strategic common stock equal to the exercise price per share of the Capella stock options divided by the Exchange Ratio. No additional consideration was received in connection with the disposition of such securities.
- [F6]Consists of 10,057 cash-settled restricted stock unit awards of Capella ("Capella cash-settled RSUs"), which are due to vest on January 31, 2020. Pursuant to the Merger Agreement, each Capella cash-settled RSU was disposed of in exchange for a number of cash-settled restricted stock unit awards of Strategic Education Inc. ("Strategic cash-settled RSUs") based on the Exchange Ratio. The Strategic cash-settled RSUs will be subject to substantially the same terms and conditions of the Capella cash-settled RSUs. No additional consideration was received in connection with the disposition of such securities.
Documents
Issuer
CAPELLA EDUCATION CO
CIK 0001104349
Entity typeother
Related Parties
1- filerCIK 0001414011
Filing Metadata
- Form type
- 4
- Filed
- Aug 2, 8:00 PM ET
- Accepted
- Aug 3, 8:38 AM ET
- Size
- 17.4 KB