SEC Form 4 · accession 0001140361-16-078415
Bridgepoint Education Inc · BPI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Juster
Director
Period of report
Aug 31, 2016
Accepted (ET)
Aug 31, 2016 · 6:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001305323
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $7.25 | Aug 31, 2016 | A | 17,090 | A | — | Aug 31, 2026 | Common Stock | 17,090 | 17,090 | D |
Explanation of responses
- F1Subject to the reporting person's continuing service, this stock option vests and becomes exercisable as follows: (i) 25% of the shares subject to the stock option shall vest and become exercisable on the first anniversary of the vesting commencement date, (ii) an additional 2% of the shares subject to the stock option shall vest and become exercisable on each monthly anniversary of the vesting commencement date for the 33 months following the first anniversary of the vesting commencement date and (iii) an additional 3% of the shares subject to the stock option shall vest and become exercisable on each of the 46th, 47th and 48th monthly anniversaries of the vesting commencement date. The vesting commencement date for this stock option is August 31, 2016.