Brown Marc 4
4 · Zovio Inc · Filed Apr 14, 2020
Insider Transaction Report
Form 4
Zovio IncBPI
Brown Marc
SVP, Chief HR Officer
Transactions
- Exercise/Conversion
Common Stock
2020-04-13+15,670→ 45,019 total - Tax Payment
Common Stock
2020-04-13$1.55/sh−5,278$8,181→ 39,741 total - Exercise/Conversion
Restricted Stock Unit
2020-04-13−15,670→ 0 total→ Common Stock (15,670 underlying)
Footnotes (3)
- [F1]On April 11, 2020, 15,670 of the reporting person's restricted stock units vested. 15,670 of the reporting person's restricted stock units were settled for an equal number of shares of the issuer's common stock on April 13, 2020, the first business day following the closing price of the issuer's common stock on April 9, 2020, which was the settlement price used to calculate the shares withheld.
- [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: 100% of the restricted stock units vest on April 11, 2020.