Burkholder Steve 4
4 · Zovio Inc · Filed Mar 31, 2021
Insider Transaction Report
Form 4
Zovio IncZVO
Burkholder Steve
VP, Chief Accounting Officer
Transactions
- Exercise/Conversion
Restricted Stock Unit
2021-03-29−1,855→ 1,855 total→ Common Stock (1,855 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-03-29−2,133→ 4,264 total→ Common Stock (2,133 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-03-29−3,134→ 6,266 total→ Common Stock (3,134 underlying) - Exercise/Conversion
Common Stock
2021-03-29+7,714→ 8,172 total - Tax Payment
Common Stock
2021-03-29$4.25/sh−2,733$11,615→ 5,439 total - Exercise/Conversion
Restricted Stock Unit
2021-03-29−592→ 0 total→ Common Stock (592 underlying)
Footnotes (6)
- [F1]On March 29, 2021, 7,714 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.