SEC Form 4 · accession 0001299709-18-000094
Axos Financial, Inc. · AX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Grinberg
Director
Period of report
Aug 24, 2018
Accepted (ET)
Aug 27, 2018 · 9:55 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001299709
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 24, 2018 | M | 3,667 | $37.87 | A | 94,719 | D | |
| Common StockF1,F2 | Aug 24, 2018 | F | 1,844 | $37.87 | D | 92,875 | D | |
| Common StockF1 | Aug 26, 2018 | M | 3,667 | $37.87 | A | 96,542 | D | |
| Common StockF1,F2 | Aug 26, 2018 | F | 1,844 | $37.87 | D | 94,698 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | — | Aug 24, 2018 | M | 3,667 | D | — | — | Common Stock | 3,667 | 22,534 | D |
| Restricted Stock UnitsF3,F4 | — | Aug 26, 2018 | M | 3,667 | D | — | — | Common Stock | 3,667 | 18,867 | D |
Explanation of responses
- F1Represents shares of Common Stock issued on August 24, 2018 and August 26, 2018 following the vesting of Restricted Stock Units ("RSUs") which vest one-third each year. The RSUs were previously granted to the reporting person under the BofI Holding, Inc. 2014 Stock Incentive Plan.
- F2Represents shares of Common Stock retained by BofI Holding, Inc. for tax withholding purposes in connection with the net-settlement on the issuance of shares of Common Stock in respect to the vested RSUs.
- F3The RSUs were granted to the reporting person under the BofI Holding, Inc. 2014 Stock Incentive Plan in connection with the reporting person's service as a member of the Board of Directors. Each RSU represents a contingent right to receive one share of BofI Holding, Inc. Common Stock.
- F4The RSUs vest over three years, one-third on each anniversary date of grant.