SEC Form 4 · accession 0001179110-17-001495
Stride, Inc. · LRN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lynda Cloud
Officer — EVP, Products
Period of report
Jan 31, 2017
Accepted (ET)
Feb 2, 2017 · 4:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001157408
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 31, 2017 | M | 15,965 | $15.89 | A | 103,718 | D | |
| Common StockF1 | Jan 31, 2017 | S | 15,965 | $20.03 | D | 87,753 | D | |
| Common Stock | Feb 1, 2017 | M | 17,785 | $15.89 | A | 105,538 | D | |
| Common Stock | Feb 1, 2017 | S | 17,785 | $19.90 | D | 87,753 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2 | $15.89 | Jan 31, 2017 | M | 15,965 | D | — | Oct 1, 2022 | Common Stock | 15,965 | 44,035 | D |
| Employee Stock Option (right to buy)F2 | $15.89 | Feb 1, 2017 | M | 17,785 | D | — | Oct 1, 2022 | Common Stock | 17,785 | 26,250 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.16, inclusive. The reporting person undertakes to provide to K12 Inc., any security holder of K12 Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2Shares vest 25% on the one-year anniversary of the grant date and the remaining 75% vest quarterly for the following three years.