SEC Form 4 · accession 0001140361-15-013749
Bridgepoint Education Inc · BPI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ryan Craig
Director
Period of report
Mar 29, 2015
Accepted (ET)
Mar 31, 2015 · 9:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001305323
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 31, 2015 | M | 2,040 | $0.00 | A | 4,960 | 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 | $9.43 | Mar 29, 2015 | A | 6,274 | A | — | Mar 29, 2025 | Common Stock | 6,274 | 6,274 | D |
| Restricted Stock UnitsF3,F4 | — | Mar 29, 2015 | A | 3,021 | A | — | — | Common Stock | 3,021 | 3,021 | D |
| Restricted Stock UnitsF3,F5 | — | Mar 31, 2015 | M | 2,040 | D | — | — | Common Stock | 2,040 | 0 | D |
Explanation of responses
- F1On March 31, 2015, 2,040 of the reporting person's restricted stock units were settled for an equal number of the issuer's common stock.
- F2Subject to the reporting person's continuing service, 100% of the shares subject to the option shall vest and become exercisable on March 29, 2016.
- F3Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- F4Subject to the reporting person's continuing service, 100% of the restricted stock units shall vest on March 29, 2016.
- F5100% of the restricted stock units vested on March 29, 2015 and were settled for an equal number of the issuer's common stock on March 31, 2015.