Thompson Diane Louise 4
4 · Zovio Inc · Filed Mar 31, 2021
Insider Transaction Report
Form 4
Zovio IncZVO
Thompson Diane Louise
EVP, Office of the CEO
Transactions
- Exercise/Conversion
Common Stock
[F1]2021-03-29+28,364→ 131,408 total - Tax Payment
Common Stock
2021-03-29$4.25/sh−9,810$41,693→ 121,598 total - Exercise/Conversion
Restricted Stock Unit
[F2][F3]2021-03-29−2,877→ 0 total→ Common Stock (2,877 underlying) - Exercise/Conversion
Restricted Stock Unit
[F2][F4]2021-03-29−6,772→ 6,772 total→ Common Stock (6,772 underlying) - Exercise/Conversion
Restricted Stock Unit
[F2][F5]2021-03-29−7,578→ 15,154 total→ Common Stock (7,578 underlying) - Exercise/Conversion
Restricted Stock Unit
[F2][F6]2021-03-29−11,137→ 22,273 total→ Common Stock (11,137 underlying)
Footnotes (6)
- [F1]On March 29, 2021, 28,364 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 March 29, 2017.
- [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.
- [F5]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, 2019.
- [F6]Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 1/3rd of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 1/3rd 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, 2020.
Signature
/s/ Diane L. Thompson|2021-03-31