Carroll Teresa 4
4 · Zovio Inc · Filed Apr 1, 2020
Insider Transaction Report
Form 4
Zovio IncZVO
Carroll Teresa
Director
Transactions
- Exercise/Conversion
Common Stock
2020-03-30+16,773→ 19,836 total - Exercise/Conversion
Restricted Stock Unit
2020-03-30−3,063→ 6,124 total→ Common Stock (3,063 underlying) - Exercise/Conversion
Restricted Stock Unit
2020-03-30−13,710→ 0 total→ Common Stock (13,710 underlying)
Footnotes (4)
- [F1]On March 29, 2020, 16,773 of the reporting person's restricted stock units vested. 16,773 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.
- [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, 2018.