SEC Form 4 · accession 0001209191-17-027742
ADVISORY BOARD CO · ABCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cormac F Miller
Officer — Chief Product Officer
Period of report
Apr 18, 2017
Accepted (ET)
Apr 20, 2017 · 5:00 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 18, 2017 | M | 1,833 | $0.00 | A | 21,360 | D | |
| Common Stock | Apr 18, 2017 | F | 591 | $46.95 | D | 20,753 | D | |
| Common Stock | Apr 18, 2017 | M | 251 | $0.00 | A | 4,703 | I | By Spouse |
| Common Stock | Apr 18, 2017 | F | 81 | $46.95 | D | 4,622 | I | By Spouse |
| Common Stock | Apr 18, 2017 | M | 60 | $0.00 | A | 4,682 | I | By Spouse |
| Common Stock | Apr 18, 2017 | F | 20 | $46.95 | D | 4,662 | I | By Spouse |
| Common Stock | Apr 19, 2017 | M | 750 | $16.58 | A | 21,503 | D | |
| Common StockF2 | Apr 19, 2017 | S | 750 | $47.37 | D | 20,753 | 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 UnitsF3,F4 | — | Apr 18, 2017 | M | 1,833 | D | — | — | Common Stock | 1,833 | 0 | D |
| Restricted Stock UnitsF3,F4 | — | Apr 18, 2017 | M | 251 | D | — | — | Common Stock | 251 | 0 | I |
| Restricted Stock UnitsF3,F4 | — | Apr 18, 2017 | M | 60 | D | — | — | Common Stock | 60 | 0 | I |
| Common Stock OptionsF5 | $16.58 | Apr 19, 2017 | M | 750 | D | — | Apr 27, 2017 | Common Stock | 750 | 0 | 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 $47.10 to $47.55. 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.
- F3Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Company's common stock.
- F4The RSUs vest in four equal installments on May 18, 2014; April 18, 2015; April 18, 2016; and April 18, 2017, 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 option represents a right to purchase a total of 12,000 shares of the Company's common stock, of which 6,000 options vested on April 27, 2013; and 6,000 options vested on April 27, 2014.