4//SEC Filing
Spohn Christopher L. 4
Accession 0001567619-21-011582
CIK 0001305323other
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 9:23 PM ET
Size
11.4 KB
Accession
0001567619-21-011582
Insider Transaction Report
Form 4
Zovio IncZVO
Spohn Christopher L.
SVP & Chief Admissions Officer
Transactions
- Exercise/Conversion
Restricted Stock Unit
2021-05-31−42,777→ 85,553 total→ Common Stock (42,777 underlying) - Award
Restricted Stock Unit
2021-05-31+111,490→ 111,490 total→ Common Stock (111,490 underlying) - Exercise/Conversion
Common Stock
2021-05-31+42,777→ 78,907 total - Tax Payment
Common Stock
2021-05-31$2.35/sh−10,759$25,284→ 68,148 total
Footnotes (4)
- [F1]On May 31, 2021, 42,777 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) 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 May 31, 2020.
- [F4]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, 2021.
Documents
Issuer
Zovio Inc
CIK 0001305323
Entity typeother
Related Parties
1- filerCIK 0001453849
Filing Metadata
- Form type
- 4
- Filed
- Jun 1, 8:00 PM ET
- Accepted
- Jun 2, 9:23 PM ET
- Size
- 11.4 KB