SEC Form 4 · accession 0001140361-15-030239
Bridgepoint Education Inc · BPI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rodney T. Sheng
Officer — EVP, Chief Admin. Officer
Period of report
Aug 4, 2015
Accepted (ET)
Aug 6, 2015 · 6:22 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 StockF2,F3 | Aug 4, 2015 | S | 26,425 | $8.7415 | D | 18,439 | D | |
| Common StockF4,F5 | Aug 4, 2015 | S | 10,537 | $9.3499 | D | 38,014 | D |
Table II — derivative securities
No Table II lines on this filing.
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 10, 2014.
- F2Represents the weighted average share price of an aggregate total of 26,425 shares sold in the price range of $8.1000 to $9.0600 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.
- F3Excludes 4,182 shares previously owned directly by the reporting person, which were contributed to the Sheng Family Trust, dated 9/21/2006, of which the reporting person is a trustee and in which the reporting person has a pecuniary interest, on April 15, 2014.
- F4Represents the weighted average share price of an aggregate total of 10,537 shares sold in the price range of $9.1800 to $9.5200 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.
- F5Includes 30,112 shares previously owned indirectly by the reporting person in the name of the Sheng Family Trust, dated 9/21/2006, of which the reporting person is a trustee and in which the reporting person has a pecuniary interest, which were transferred to the reporting person on August 4, 2015.