Carroll Teresa 4
4 · Zovio Inc · Filed Apr 2, 2019
Insider Transaction Report
Form 4
Zovio IncBPI
Carroll Teresa
Director
Transactions
- Exercise/Conversion
Common Stock
2019-03-29+3,063→ 3,063 total - Award
Restricted Stock Unit
2019-03-29+13,710→ 13,710 total→ Common Stock (13,710 underlying) - Exercise/Conversion
Restricted Stock Unit
2019-03-29−3,063→ 9,187 total→ Common Stock (3,063 underlying)
Footnotes (4)
- [F1]On March 29, 2019, 3,063 of the reporting person's restricted stock units were settled for an equal number of shares of the issuer's common stock.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- [F3]Subject to the reporting person's continuing service, 100% of the restricted stock units shall vest on March 29, 2020.
- [F4]Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 25% of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 25% of the restricted stock units shall vest on each subsequent anniversary of the vesting commencement date. The vesting commencement date for the restricted stock units is March 29, 2018.