MASSIMINO JACK 4
4 · CORINTHIAN COLLEGES INC · Filed Nov 19, 2012
Insider Transaction Report
Form 4
MASSIMINO JACK
DirectorChariman and CEO
Transactions
- Tax Payment
Common Stock
2012-11-17$2.13/sh−18,927$40,315→ 726,397 total
Footnotes (1)
- [F1]Consists of shares withheld by the Issuer with respect to income taxes payable by the Reporting Person upon the vesting and delivery of shares of common stock underlying restricted stock units previously granted by the Issuer on November 17, 2010, with the vesting schedule in three equal installments on November 17, 2011, November 17, 2012 and November 17, 2013, and a delivery schedule of 50% of the shares of common stock delivered on November 17, 2012 and 50% to be delivered on November 17, 2013; provided, however, (1) since Mr. Massimino remained Chairman of the Board for one year following the grant date, if he resigns from such position, any remaining unvested restricted stock units subject to the award will immediately vest upon his retirement from the Board, and (2) if a change in control event occurs, any remaining unvested restricted stock units subject to the award will vest upon such event.