CRANDALL L DALE 4
4 · Bridgepoint Education Inc · Filed Aug 20, 2018
Insider Transaction Report
Form 4
CRANDALL L DALE
Director
Transactions
- Tax Payment
Common Stock
2018-08-17$13.16/sh−15,882$209,007→ 30,926 total - Exercise/Conversion
Stock Option (right-to-buy)
2018-08-17−12,573→ 0 totalExercise: $10.50Exp: 2019-04-14→ Common Stock (12,573 underlying) - Exercise/Conversion
Common Stock
2018-08-17$10.50/sh+19,907$209,024→ 46,808 total - Exercise/Conversion
Stock Option (right-to-buy)
2018-08-17−7,334→ 0 totalExercise: $10.50Exp: 2019-04-14→ Common Stock (7,334 underlying)
Footnotes (2)
- [F1]The share issuance reported on Table I (indicated by transaction code M) reflects shares issued upon the exercise of non-qualified stock options granted on April 14, 2009, which, if unexercised, would expire on April 14, 2019. The option exercises are reported on Table II. The exercises were pursuant to a net issuance program adopted by the issuer's board of directors to allow for exercise of the options prior to their expiration. Upon exercise of an option pursuant to the program, the issuer retains shares sufficient in value to cover the aggregate option exercise price. The withheld shares are indicated by transaction code F on Table I. No shares are sold into the market in connection with option exercises pursuant to the net issuance program.
- [F2]Immediately exercisable.