SEC Form 4 · accession 0001209191-16-151883
ADVISORY BOARD CO · ABCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael T Kirshbaum
Officer — Chief Financial Officer
Period of report
Nov 21, 2016
Accepted (ET)
Nov 23, 2016 · 12:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001157377
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 21, 2016 | M | 2,400 | $16.58 | A | 45,503 | D | |
| Common StockF2 | Nov 21, 2016 | S | 2,400 | $36.05 | D | 43,103 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock OptionsF3 | $16.58 | Nov 21, 2016 | M | 2,400 | D | — | Apr 27, 2017 | Common Stock | 2,400 | 2,400 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F2These shares were sold in multiple transactions at prices ranging from $35.90 to $36.20. The price reported in Column 4 reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price within the range at which the transaction was effected.
- F3The options to purchase the Company's common stock became exercisable in two equal annual installments beginning on April 27, 2013.