Clark Andrew S. 4
4 · Zovio Inc · Filed Apr 2, 2019
Insider Transaction Report
Form 4
Zovio IncBPI
Clark Andrew S.
DirectorCEO and President
Transactions
- Tax Payment
Common Stock
2019-03-29$6.11/sh−27,418$167,524→ 233,041 total - Exercise/Conversion
Common Stock
2019-03-29+68,244→ 260,459 total - Award
Restricted Stock Unit
2019-03-29+203,550→ 203,550 total→ Common Stock (203,550 underlying) - Exercise/Conversion
Restricted Stock Unit
2019-03-29−12,110→ 24,220 total→ Common Stock (12,110 underlying) - Exercise/Conversion
Restricted Stock Unit
2019-03-29−31,465→ 94,395 total→ Common Stock (31,465 underlying) - Exercise/Conversion
Restricted Stock Unit
2019-03-29−12,754→ 0 total→ Common Stock (12,754 underlying) - Exercise/Conversion
Restricted Stock Unit
2019-03-29−11,915→ 11,915 total→ Common Stock (11,915 underlying)
Holdings
- 513,444(indirect: By Trust)
Common Stock
Footnotes (8)
- [F1]On March 29, 2019, 68,244 of the reporting person's restricted stock units were settled for an equal number of shares of the issuer's common stock.
- [F2]Shares held indirectly by the reporting person in the name of the Clark Family Trust, dated July 8, 1998, of which the reporting person is a trustee and in which the reporting person has a pecuniary interest.
- [F3]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- [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, 2019.
- [F5]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, 2015.
- [F6]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, 2016.
- [F7]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, 2017.
- [F8]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.