SEC Form 4 · accession 0001140361-15-024845
Bridgepoint Education Inc · BPI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jane McAuliffe
Officer — EVP, Chief Academic Officer
Period of report
Jun 16, 2015
Accepted (ET)
Jun 18, 2015 · 9:07 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 Stock | Jun 16, 2015 | M | 13,652 | $0.315 | A | 25,352 | D | |
| Common StockF2 | Jun 16, 2015 | S | 13,652 | $10.0262 | D | 11,700 | D | |
| Common StockF3 | Jun 16, 2015 | S | 5,845 | $10.0291 | D | 5,855 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock (right to buy)F4 | $0.315 | Jun 16, 2015 | M | 13,652 | D | — | Feb 15, 2016 | Common Stock | 13,652 | 0 | D |
Explanation of responses
- F1The sale of shares reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on December 12, 2014.
- F2Represents the weighted average share price of an aggregate total of 13,652 shares sold in the price range of $9.85 to $10.09 by the reporting person. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F3Represents the weighted average share price of an aggregate total of 5,845 shares sold in the price range of $9.99 to $10.09 by the reporting person. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F4This option became 100% vested and exercisable on April 14, 2009.