SEC Form 4 · accession 0001630121-15-000006
Stride, Inc. · LRN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Allison Cleveland
Officer — EVP, School Mgmt. & Services
Period of report
Feb 12, 2015
Accepted (ET)
Feb 17, 2015 · 5:32 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 | Feb 12, 2015 | M | 3,382 | $13.66 | A | 45,988 | D | |
| Common Stock | Feb 12, 2015 | S | 3,382 | $16.56 | D | 42,606 | D | |
| Common Stock | Feb 13, 2015 | F | 255 | $16.56 | D | 42,351 | 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) | $13.66 | Feb 12, 2015 | M | 3,382 | D | Jul 3, 2011 | Jul 3, 2015 | Common Stock | 3,382 | 0 | D |
Explanation of responses
- F1Represents the number of shares acquired through the option exercise reported in Table II at the exercise price of $13.66.
- 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.