4//SEC Filing
Clark Andrew S. 4
Accession 0001567619-21-007321
CIK 0001305323other
Filed
Mar 30, 8:00 PM ET
Accepted
Mar 31, 7:21 PM ET
Size
17.3 KB
Accession
0001567619-21-007321
Insider Transaction Report
Form 4
Zovio IncZVO
Clark Andrew S.
DirectorCEO and President
Transactions
- Exercise/Conversion
Common Stock
2021-03-29+169,250→ 684,470 total - Tax Payment
Common Stock
2021-03-29$4.25/sh−63,059$268,001→ 621,411 total - Exercise/Conversion
Restricted Stock Unit
2021-03-29−12,110→ 0 total→ Common Stock (12,110 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-03-29−50,888→ 101,774 total→ Common Stock (50,888 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-03-29−31,465→ 31,465 total→ Common Stock (31,465 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-03-29−74,787→ 149,573 total→ Common Stock (74,787 underlying)
Holdings
- 513,444(indirect: By Trust)
Common Stock
Footnotes (7)
- [F1]On March 29, 2021, 169,250 of the reporting person's restricted stock units were settled for an equal number of shares of the issuer's common stock.
- [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: (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.
- [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, 2018.
- [F6]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.
- [F7]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.
Documents
Issuer
Zovio Inc
CIK 0001305323
Entity typeother
Related Parties
1- filerCIK 0001453872
Filing Metadata
- Form type
- 4
- Filed
- Mar 30, 8:00 PM ET
- Accepted
- Mar 31, 7:21 PM ET
- Size
- 17.3 KB