STAVIS ROBERT M 4
4 · 2U, Inc. · Filed Apr 29, 2019
Insider Transaction Report
Form 4
2U, Inc.TWOU
STAVIS ROBERT M
Director
Transactions
- Award
Common Stock
2019-04-25$61.01/sh+409$24,953→ 17,786 total - Award
Common Stock
2019-04-25+245→ 18,112 total - Award
Common Stock
2019-04-25$61.01/sh+81$4,942→ 17,867 total - Award
Common Stock
2019-04-25+1,639→ 17,377 total - Award
Employee Stock Option (right to buy)
2019-04-25+3,601→ 3,601 totalExercise: $61.01Exp: 2029-04-25→ Common Stock (3,601 underlying)
Holdings
- 35,707(indirect: See footnote)
Common Stock
- 28,130
Common Stock
- 35,740(indirect: See footnote)
Common Stock
Footnotes (9)
- [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, 2020, 2021 and 2022, subject to the reporting person's continued service as a director of the issuer as of the applicable vesting date.
- [F3]The reporting person has agreed to assign to Deer Management Co. LLC the right to any shares issuable pursuant to the restricted stock unit award or any proceeds from the sale thereof.
- [F4]The shares underlying this restricted stock unit award will vest in full on April 1, 2020, 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 shares reported are held by Stavis Ventures II, LLC ("Stavis Ventures"). Stavis Ventures is controlled by the reporting person, and the reporting person disclaims beneficial ownership of the shares held by this entity, except to the extent of his pecuniary interest therein, if any.
- [F8]The shares reported are held by Stavco Venture Holdings LLC ("Stavco Venture Holdings"). Stavco Venture Holdings is controlled by the reporting person, and the reporting person disclaims beneficial ownership of the shares held by this entity, except to the extent of his pecuniary interest therein, if any.
- [F9]The option award will vest as to one-third of the underlying shares on each of April 1, 2020, 2021 and 2022, subject to the reporting person's continued service with the issuer as of the applicable vesting date.