SEC Form 4 · accession 0001179110-17-012009
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
Aug 31, 2017
Accepted (ET)
Sep 5, 2017 · 5:38 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 StockF2 | Aug 31, 2017 | A | 48,529 | $0.00 | A | 786,265 | D | |
| Common Stock | Aug 31, 2017 | F | 31,099 | $17.92 | D | 755,166 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Acquisition is in connection with the September 28, 2016 award and achievement of performance objectives.
- F2These shares are restricted and will vest as follows: one-third of the shares will vest immediately, and on August 31, 2018 and August 31, 2019, respectively.
- F3Represents 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.