APOLLO GROUP INC 4
4 · APOLLO GROUP INC · Filed Jul 6, 2007
Insider Transaction Report
Form 4
APOLLO GROUP INCAPOL
De Concini Dino J
Director
Transactions
- Award
Class A Common Stock
2007-07-03+3,000→ 4,507 total - Award
Non-Qualified Stock Option (right to buy)
2007-07-03+8,000→ 8,000 totalExercise: $58.03Exp: 2017-07-03→ Class A Common Stock (8,000 underlying)
Footnotes (3)
- [F1]Represents shares of the Issuer's Class A common stock underlying restricted stock units awarded to the Reporting Person. The restricted stock units are subject to both performance-vesting and service-vesting requirements. Should the performance objective be attained, then the restricted stock units will vest in three successive equal annual installments upon the Reporting Person's completion of each year of service with the Issuer over the three year period measured from August 31, 2007, subject to accelerated vesting upon certain changes in control or ownership of the Issuer. The shares of Class A common stock will be issued as the restricted stock units vest. The restricted stock units also include dividend equivalent rights which will entitle the Reporting Person to the same dividends as would be received were the shares of Class A common stock underlying the restricted stock units actually outstanding shares.
- [F2]Includes the 3,000 shares of Class A Comon Stock underlying the restricted stock units reported in this Form 4.
- [F3]The option will vest and become exercisable for the underlying shares of Class A common stock upon the Reporting Person's continuation as a member of the Issuer's Board of Directors through August 31, 2007, subject to accelerated vesting in the event of certain changes in control of the Issuer.