Brown Marc 4
4 · Zovio Inc · Filed Mar 31, 2021
Insider Transaction Report
Form 4
Zovio IncZVO
Brown Marc
SVP, Chief HR Officer
Transactions
- Tax Payment
Common Stock
2021-03-29$4.25/sh−8,068$34,289→ 54,997 total - Exercise/Conversion
Common Stock
2021-03-29+23,324→ 63,065 total - Exercise/Conversion
Restricted Stock Unit
2021-03-29−1,900→ 0 total→ Common Stock (1,900 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-03-29−4,647→ 4,647 total→ Common Stock (4,647 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-03-29−6,793→ 13,584 total→ Common Stock (6,793 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-03-29−9,984→ 19,966 total→ Common Stock (9,984 underlying)
Footnotes (6)
- [F1]On March 29, 2021, 23,324 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.