SEC Form 4 · accession 0001630121-15-000019
Stride, Inc. · LRN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Murray
Officer — President and COO
Period of report
Jul 27, 2015
Accepted (ET)
Jul 29, 2015 · 4:49 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 | Jul 27, 2015 | A | 3,200 | $0.00 | A | 192,477 | D | |
| Common Stock | Jul 27, 2015 | F | 4,702 | $13.23 | D | 187,775 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Acquisition is in connection with the September 4, 2014 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 July 27, 2016 and July 27, 2017, 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.