Clark Andrew S. 4
4 · Zovio Inc · Filed Apr 14, 2020
Insider Transaction Report
Form 4
Zovio IncBPI
Clark Andrew S.
DirectorCEO and President
Transactions
- Tax Payment
Common Stock
2020-04-13$1.55/sh−23,849$36,966→ 515,220 total - Exercise/Conversion
Restricted Stock Unit
2020-04-13−80,980→ 0 total→ Common Stock (80,980 underlying) - Exercise/Conversion
Common Stock
2020-04-13+80,980→ 539,069 total
Holdings
- 513,444(indirect: By Trust)
Common Stock
Footnotes (4)
- [F1]On April 11, 2020, 80,980 of the reporting person's restricted stock units vested. 80,980 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]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: 100% of the restricted stock units vest on April 11, 2020.