Schray Vickie L. 4
4 · Zovio Inc · Filed Mar 31, 2021
Insider Transaction Report
Form 4
Zovio IncZVO
Schray Vickie L.
SVP Reg Affair & Public Policy
Transactions
- Exercise/Conversion
Restricted Stock Unit
2021-03-29−1,545→ 0 total→ Common Stock (1,545 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-03-29−3,637→ 3,637 total→ Common Stock (3,637 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-03-29−4,920→ 9,840 total→ Common Stock (4,920 underlying) - Exercise/Conversion
Common Stock
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
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.