SEC Form 4 · accession 0001140361-17-014230
Bridgepoint Education Inc · BPI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
L Dale Crandall
Director
Period of report
Mar 29, 2017
Accepted (ET)
Mar 31, 2017 · 7:52 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 29, 2017 | M | 2,900 | $0.00 | A | 22,281 | 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 | $10.44 | Mar 29, 2017 | A | 6,100 | A | — | Mar 29, 2027 | Common Stock | 6,100 | 6,100 | D |
| Restricted Stock UnitF3,F4 | — | Mar 29, 2017 | A | 2,840 | A | — | — | Common Stock | 2,840 | 2,840 | D |
| Restricted Stock UnitF3,F5 | — | Mar 29, 2017 | M | 2,900 | D | — | — | Common Stock | 2,900 | 0 | D |
Explanation of responses
- F1On March 29, 2017, 2,900 of the reporting person's restricted stock units were settled for an equal number of shares 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, 2018.
- 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, 2018.
- F5On March 29, 2017, 100% of the restricted stock units vested and were settled for an equal number of shares of the issuer's common stock.