SEC Form 4 · accession 0001630121-15-000031
Stride, Inc. · LRN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nathaniel A Davis
Officer — Chairman and CEO · Director
Period of report
Sep 10, 2015
Accepted (ET)
Sep 14, 2015 · 5:07 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 StockF1 | Sep 10, 2015 | A | 111,690 | $0.00 | A | 414,909 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $13.43 | Sep 10, 2015 | A | 243,112 | A | — | Sep 10, 2023 | Common Stock | 243,112 | 243,112 | D |
Explanation of responses
- F1These shares are restricted and will only begin vesting upon the achievement of performance objectives. Upon a determination of the extent to which the performance objectives were achieved, which will correspondingly determine the number of shares to be vested, the shares will vest as follows: one-third will vest immediately, and the remaining two-thirds will vest in two equal annual installments thereafter.
- F2Shares vest 25% on the one-year anniversary of the grant date and the remaining 75% vest quarterly for the following three years.