SEC Form 4 · accession 0001179110-17-006558
Stride, Inc. · LRN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Zarella
Officer — EVP, Business Operations
Period of report
May 3, 2017
Accepted (ET)
May 4, 2017 · 4:13 pm EDT
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 | May 3, 2017 | M | 12,269 | $12.25 | A | 105,412 | D | |
| Common StockF1 | May 3, 2017 | S | 12,269 | $20.54 | D | 93,143 | D | |
| Common Stock | May 3, 2017 | F | 1,628 | $20.32 | D | 91,515 | 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)F3 | $12.25 | May 3, 2017 | M | 12,269 | D | — | Nov 3, 2022 | Common Stock | 12,269 | 47,731 | 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 $20.50 to $20.56, 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.
- F2Represents the number of shares withheld by the Company upon the vesting of restricted shares to cover the executive's withholding tax on income associated with the satisfaction of all vesting conditions. The number of shares withheld is based upon the closing price of a share of K12 common stock on the vesting date, or if the vesting date fell on a weekend or market holiday, upon the closing price of a share of K12 common stock on the most recent prior market day.
- F3Shares vest 25% on the one-year anniversary of the grant date and the remaining 75% vest quarterly for the following three years.