SEC Form 4 · accession 0001630121-16-000048
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
Feb 8, 2016
Accepted (ET)
Feb 10, 2016 · 7:41 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001157408
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Right (1)F1 | — | Feb 8, 2016 | A | 38,462 | A | — | Feb 8, 2018 | Common Stock | 38,462 | 38,462 | D |
| Restricted Stock Right (2)F2 | — | Feb 8, 2016 | A | 93,750 | A | — | Feb 8, 2018 | Common Stock | 93,750 | 93,750 | D |
| Restricted Stock Right (3)F3 | — | Feb 8, 2016 | A | 131,579 | A | — | Feb 8, 2018 | Common Stock | 131,579 | 131,579 | D |
Explanation of responses
- F1Each restricted stock right represents a contingent right to receive one share of K12 common stock. The restricted stock right vests upon K12's common stock achieving an average stock price that equals or exceed $13 per share over a consecutive 30 day period within 2 years from the effective date of the recipient's employment agreement.
- F2Each restricted stock right represents a contingent right to receive one share of K12 common stock. The restricted stock right vests upon K12's common stock achieving an average stock price that equals or exceed $16 per share over a consecutive 30 day period within 2 years from the effective date of the recipient's employment agreement.
- F3Each restricted stock right represents a contingent right to receive one share of K12 common stock. The restricted stock right vests upon K12's common stock achieving an average stock price that equals or exceed $19 per share over a consecutive 30 day period within 2 years from the effective date of the recipient's employment agreement.