SEC Form 4 · accession 0001209191-17-066412
CAPELLA EDUCATION CO · CPLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew E Watt
Officer — Senior Vice President
Period of report
Dec 15, 2017
Accepted (ET)
Dec 19, 2017 · 5:03 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 Stock | Dec 15, 2017 | F | 352 | $79.40 | D | 8,360 | D | |
| Common Stock | Dec 18, 2017 | M | 1,503 | $45.46 | A | 9,863 | D | |
| Common StockF1 | Dec 18, 2017 | F | 1,065 | $80.90 | D | 8,798 | D | |
| Common Stock | holding | — | — | — | 447 | I | Held in 401(k) Plan |
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)F2 | $45.46 | Dec 18, 2017 | M | 1,503 | D | Dec 15, 2017 | Feb 21, 2026 | Common Stock | 1,503 | 3,008 | D |
Explanation of responses
- F1Includes 5,731 restricted stock units, which upon vesting, will be settled in shares of CPLA common stock on a 1:1 basis.
- F21,503 shares of this option vested on 12/15/17, after the Compensation Committee of the Board of Directors of Capella Education Company, approved on 12/7/17, the acceleration of vesting of 1,503 shares of this option award, to facilitate tax planning strategies for the Company and the reporting person.