SEC Form 4 · accession 0001209191-15-034033
ADVISORY BOARD CO · ABCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard A Schwartz
Officer — President
Period of report
Apr 10, 2015
Accepted (ET)
Apr 14, 2015 · 4:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001157377
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock OptionsF1 | $53.42 | Apr 10, 2015 | A | 18,028 | A | — | Apr 10, 2022 | Common Stock | 18,028 | 18,028 | D |
| Restricted Stock UnitsF2,F3 | — | Apr 10, 2015 | A | 6,156 | A | — | — | Common Stock | 6,156 | 6,156 | D |
Explanation of responses
- F1The options to purchase the Company's common stock become exercisable in four equal annual installments beginning on April 10, 2016.
- F2Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Company's common stock.
- F3The RSUs vest in four equal installments on May 10, 2016; April 10, 2017; April 10, 2018; and April 10, 2019, unless deferred. Upon vesting, each RSU is settled by the delivery of the underlying shares of common stock or payment of the current cash value of the vested shares, at the discretion of the Company.