Pernsteiner George P. 4
4 · Zovio Inc · Filed Sep 3, 2019
Insider Transaction Report
Form 4
Zovio IncZVO
Pernsteiner George P.
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2019-08-31−2,363→ 4,724 total→ Common Stock (2,363 underlying) - Exercise/Conversion
Common Stock
2019-08-31+2,363→ 16,976 total
Footnotes (3)
- [F1]On August 31, 2019, 2,363 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 August 31, 2017.