Burkholder Steve 4
4 · Zovio Inc · Filed Sep 1, 2020
Insider Transaction Report
Form 4
Zovio IncZVO
Burkholder Steve
VP, Chief Accounting Officer
Transactions
- Tax Payment
Common Stock
2020-08-31$4.32/sh−237$1,024→ 458 total - Exercise/Conversion
Common Stock
2020-08-31+695→ 695 total - Exercise/Conversion
Restricted Stock Units
2020-08-31−695→ 695 total→ Common Stock (695 underlying)
Footnotes (3)
- [F1]On August 31, 2020, 695 of the reporting person's restricted stock units were settled for an equal number of shares of the issuer's common stock.
- [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: (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 August 31, 2017.