Schray Vickie L. 4
4 · Zovio Inc · Filed Mar 31, 2021
Insider Transaction Report
Form 4
Zovio IncZVO
Schray Vickie L.
See remarks
Transactions
- Exercise/Conversion
Common Stock
[F1]2021-03-29+17,332→ 69,018 total - Tax Payment
Common Stock
2021-03-29$4.25/sh−5,165$21,951→ 63,853 total - Exercise/Conversion
Restricted Stock Unit
[F2][F3]2021-03-29−1,545→ 0 total→ Common Stock (1,545 underlying) - Exercise/Conversion
Restricted Stock Unit
[F2][F4]2021-03-29−3,637→ 3,637 total→ Common Stock (3,637 underlying) - Exercise/Conversion
Restricted Stock Unit
[F2][F5]2021-03-29−4,920→ 9,840 total→ Common Stock (4,920 underlying) - Exercise/Conversion
Restricted Stock Unit
[F2][F6]2021-03-29−7,230→ 14,460 total→ Common Stock (7,230 underlying)
Footnotes (6)
- [F1]On March 29, 2021, 17,332 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, as Attorney-in-Fact|2021-03-31