K12 INC 4
4 · K12 INC · Filed Jul 29, 2015
Insider Transaction Report
Form 4
K12 INCLRN
Murray Timothy
President and COO
Transactions
- Tax Payment
Common Stock
2015-07-27$13.23/sh−4,702$62,207→ 187,775 total - Award
Common Stock
2015-07-27+3,200→ 192,477 total
Footnotes (3)
- [F1]Acquisition is in connection with the September 4, 2014 award and achievement of performance objectives.
- [F2]These shares are restricted and will vest as follows: one-third of the shares will vest immediately, and on July 27, 2016 and July 27, 2017, respectively.
- [F3]Represents the number of shares withheld by the Company upon the vesting of restricted shares to cover the executive's withholding tax on income associated with the satisfaction of all vesting conditions. The number of shares withheld is based upon the closing price of a share of K12 common stock on the vesting date, or if the vesting date fell on a weekend or market holiday, upon the closing price of a share of K12 common stock on the most recent prior market day.