Clark Andrew S. 4
4 · Zovio Inc · Filed Apr 1, 2020
Insider Transaction Report
Form 4
Zovio IncZVO
Clark Andrew S.
DirectorCEO and President
Transactions
- Tax Payment
Common Stock
2020-03-30$1.50/sh−31,330$46,995→ 458,089 total - Exercise/Conversion
Restricted Stock Unit
2020-03-30−12,110→ 12,110 total→ Common Stock (12,110 underlying) - Exercise/Conversion
Restricted Stock Unit
2020-03-30−11,915→ 0 total→ Common Stock (11,915 underlying) - Exercise/Conversion
Common Stock
2020-03-30+106,378→ 489,419 total - Exercise/Conversion
Restricted Stock Unit
2020-03-30−31,465→ 62,930 total→ Common Stock (31,465 underlying) - Exercise/Conversion
Restricted Stock Unit
2020-03-30−50,888→ 152,662 total→ Common Stock (50,888 underlying)
Holdings
- 513,444(indirect: By Trust)
Common Stock
Footnotes (7)
- [F1]On March 29, 2020, 106,378 of the reporting person's restricted stock units vested. 106,378 of the reporting person's restricted stock units were settled for an equal number of shares of the issuer's common stock on March 30, 2020, the first business day following the closing price of the issuer's common stock on March 27, 2020, which was the settlement price used to calculate the shares withheld.
- [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, 2016.
- [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, 2017.
- [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, 2018.
- [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, 2019.