SEC Form 4 · accession 0001209191-16-101980
CAPELLA EDUCATION CO · CPLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Kevin Gilligan
Officer — Chairman & CEO · Director
Period of report
Feb 22, 2016
Accepted (ET)
Feb 24, 2016 · 5:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001104349
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 22, 2016 | M | 16,635 | — | A | 60,816 | D | |
| Common Stock | Feb 22, 2016 | F | 4,778 | $45.46 | D | 56,038 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | Feb 22, 2016 | M | 16,635 | D | Feb 22, 2016 | Feb 22, 2016 | Common Stock | 16,635 | 0 | D |
| Restricted Stock UnitsF2 | — | Feb 22, 2016 | A | 15,577 | A | — | — | Common Stock | 15,577 | 15,577 | D |
| Stock Option (right to buy)F3 | $45.46 | Feb 22, 2016 | A | 67,786 | A | — | Feb 21, 2026 | Common Stock | 67,786 | 67,786 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to acquire one share of CPLA common stock. 16,635 restricted stock units were released on 2/22/16 and were settled for an equal number of shares of CPLA common stock.
- F2Each restricted stock unit represents the right to receive one share of CPLA common stock. The restricted stock units vest and will be settled in vested shares after a three-year cliff vesting period, effective 2/22/19.
- F3This option becomes exercisable in four equal, annual installments beginning on the first anniversary of the date of the grant, 2/22/2017.