SEC Form 4 · accession 0001209191-18-028847
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
May 7, 2018
Accepted (ET)
May 9, 2018 · 4:11 pm EDT
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,F2 | May 7, 2018 | M | 103,972 | — | A | 205,806 | D | |
| Common StockF2 | May 7, 2018 | F | 47,411 | $91.35 | D | 158,395 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Stock UnitsF1,F3 | — | May 7, 2018 | M | 103,972 | D | May 7, 2018 | May 7, 2018 | Common Stock | 103,972 | 0 | D |
Explanation of responses
- F1Each market stock unit converted to one share of CPLA common stock.
- F2Includes 25,508 restricted stock units, which upon vesting, will be settled in shares of CPLA common stock on a 1:1 basis.
- F3Shares vested based on the performance of CPLA common stock over a five year period, based on the market conditions described in a Form 8-K filed by the Company on May 9, 2013.