Malik Anurag 4
4 · Zovio Inc · Filed Apr 2, 2019
Insider Transaction Report
Form 4
Zovio IncBPI
Malik Anurag
SVP, Chief Information Officer
Transactions
- Exercise/Conversion
Common Stock
2019-03-29+7,378→ 35,325 total - Award
Restricted Stock Unit
2019-03-29+25,750→ 25,750 total→ Common Stock (25,750 underlying) - Exercise/Conversion
Restricted Stock Unit
2019-03-29−5,170→ 15,510 total→ Common Stock (5,170 underlying) - Tax Payment
Common Stock
2019-03-29$6.11/sh−2,552$15,593→ 32,773 total - Exercise/Conversion
Restricted Stock Unit
2019-03-29−2,208→ 4,414 total→ Common Stock (2,208 underlying)
Footnotes (5)
- [F1]On March 29, 2019, 7,378 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, 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.
- [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, 2017.
- [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, 2018.