SEC Form 4 · accession 0001179110-17-002676
Stride, Inc. · LRN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nathaniel A Davis
Officer — Executive Chairman · Director
Period of report
Jan 3, 2017
Accepted (ET)
Feb 17, 2017 · 4:59 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 StockF2 | Jan 3, 2017 | M | 93,750 | $0.00 | A | 687,688 | 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 RightF3 | — | Jan 3, 2017 | M | 93,750 | D | — | Feb 8, 2018 | Common Stock | 93,750 | 0 | D |
Explanation of responses
- F1Acquisition is in connection with the February 8, 2016 award and achievement of performance objectives.
- F2These shares are restricted and will vest as follows: 50% vest immediately and the remaining 50% vest equally in three semi-annual installments.
- F3Each restricted stock right represents a contingent right to receive one share of K12 common stock. The restricted stock right vests upon K12's common stock achieving an average stock price that equals or exceeds $16 per share over a consecutive 30 day period within 2 years from the effective date of the recipient's employment agreement.