Carroll Teresa 4
4 · Zovio Inc · Filed Mar 31, 2021
Insider Transaction Report
Form 4
Zovio IncZVO
Carroll Teresa
Director
Transactions
- Exercise/Conversion
Common Stock
2021-03-29+21,952→ 41,788 total - Exercise/Conversion
Restricted Stock Unit
2021-03-29−3,062→ 3,062 total→ Common Stock (3,062 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-03-29−18,890→ 0 total→ Common Stock (18,890 underlying) - Award
Restricted Stock Unit
2021-03-29+16,410→ 16,410 total→ Common Stock (16,410 underlying)
Footnotes (5)
- [F1]On March 29, 2021, 21,952 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, 2018.
- [F4]Subject to the reporting person's continuing service, 100% of the restricted stock units shall vest on March 29, 2021.
- [F5]Subject to the reporting person's continuing service, 100% of the restricted stock units shall vest on March 29, 2022.