SEC Form 4 · accession 0001179110-19-003274
Strategic Education, Inc. · STRA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Kevin Gilligan
Officer — Executive Vice Chairman · Director
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 4:58 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001013934
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 1, 2019 | M | 29,684 | $74.75 | A | 81,569 | D | |
| Common Stock | Mar 1, 2019 | M | 44,484 | $51.96 | A | 126,053 | D | |
| Common Stock | Mar 1, 2019 | M | 17,634 | $87.66 | A | 143,687 | D | |
| Common Stock | Mar 1, 2019 | F | 64,716 | $144.61 | D | 78,971 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $74.75 | Mar 1, 2019 | M | 29,684 | D | — | Feb 18, 2025 | Common Stock | 29,684 | 0 | D |
| Employee Stock Option (right to buy)F2 | $51.96 | Mar 1, 2019 | M | 44,484 | D | — | Feb 21, 2026 | Common Stock | 44,484 | 14,828 | D |
| Employee Stock Option (right to buy)F3 | $87.66 | Mar 1, 2019 | M | 17,634 | D | — | Feb 27, 2027 | Common Stock | 17,634 | 17,634 | D |
Explanation of responses
- F1This option became exercisable in four equal annual installments beginning on February 19, 2016, which was the first anniversary of the date on which the option was granted.
- F2This option became exercisable in four equal annual installments beginning on February 22, 2017, which was the first anniversary of the date on which the option was granted.
- F3This option became exercisable in four equal annual installments beginning on February 27, 2018, which was the first anniversary of the date on which the option was granted.