Pernsteiner George P. 4
4 · Zovio Inc · Filed Apr 1, 2020
Insider Transaction Report
Form 4
Zovio IncZVO
Pernsteiner George P.
Director
Transactions
- Exercise/Conversion
Common Stock
[F1]2020-03-30+13,710→ 30,686 total - Exercise/Conversion
Restricted Stock Unit
[F2][F3]2020-03-30−13,710→ 0 total→ Common Stock (13,710 underlying)
Footnotes (3)
- [F1]On March 29, 2020, 13,710 of the reporting person's restricted stock units vested. 13,710 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.
- [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.
Signature
/s/ Diane L. Thompson, as Attorney-in-Fact|2020-04-01