SEC Form 4 · accession 0001209191-17-026779
ADVISORY BOARD CO · ABCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard A Schwartz
Officer — Chief Operating Officer
Period of report
Apr 10, 2017
Accepted (ET)
Apr 12, 2017 · 9:55 pm EDT
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 | Apr 10, 2017 | M | 1,539 | $0.00 | A | 16,211 | D | |
| Common Stock | Apr 10, 2017 | F | 508 | $47.50 | D | 15,703 | D | |
| Common Stock | Apr 10, 2017 | M | 8,484 | $43.83 | A | 24,187 | D | |
| Common StockF1 | Apr 10, 2017 | F | 8,052 | $47.50 | D | 16,135 | D | |
| Common Stock | Apr 11, 2017 | M | 1,478 | $0.00 | A | 17,613 | D | |
| Common Stock | Apr 11, 2017 | F | 488 | $47.50 | D | 17,125 | 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 UnitsF2,F3 | — | Apr 10, 2017 | M | 1,539 | D | — | — | Common Stock | 1,539 | 3,078 | D |
| Restricted Stock UnitsF2,F4 | — | Apr 11, 2017 | M | 1,478 | D | — | — | Common Stock | 1,478 | 1,478 | D |
| Common Stock OptionsF5 | $43.83 | Apr 10, 2017 | M | 8,484 | D | — | Apr 17, 2017 | Common Stock | 8,484 | 0 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. These shares were withheld by the Company for payment of the exercise price and applicable taxes, based on the market price of the Company's common stock at the time of the option exercise on April 10, 2017 of $47.50
- 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.
- F4The RSUs vest in four equal installments on May 11, 2015; April 11, 2016; April 11, 2017; and April 11, 2018, 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.
- F5The options to purchase the Company's common stock become exercisable in two equal annual installments beginning on April 17, 2013.