SEC Form 4 · accession 0001123292-15-000172
AMERICAN PUBLIC EDUCATION INC · APEI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barbara Kurshan
Director
Period of report
Jan 15, 2015
Accepted (ET)
Jan 20, 2015 · 4:22 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001201792
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $.01F1 | Jan 15, 2015 | A | 1,524 | $0.00 | A | 1,524 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Under the directors' compensation policy for non-employee directors of American Public Education, Inc. (the "Company"), as revised effective January 1, 2014, the Company's compensation committee annually grants each non-employee director an award of restricted common stock of the Company having a value of $55,000 on the date of grant. The shares of restricted stock awarded to non-employee directors in 2014 vest on the earlier of June 13, 2015 and immediately prior to the 2015 annual meeting of stockholders. Because Ms. Kurshan did not begin her term of service along with the other directors of American Public Education, Inc. on June 13, 2014, her award has been prorated accordingly to account for her comparatively shorter term of service.