SEC Form 4 · accession 0001140361-17-037430
Bridgepoint Education Inc · BPI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin Royal
Officer — EVP, Chief Financial Officer
Period of report
Oct 2, 2017
Accepted (ET)
Oct 3, 2017 · 6:00 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 | Oct 2, 2017 | M | 16,361 | $0.00 | A | 29,094 | D | |
| Common Stock | Oct 2, 2017 | F | 6,149 | $9.60 | D | 22,945 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Oct 2, 2017 | M | 16,361 | D | — | — | Common Stock | 16,361 | 0 | D |
Explanation of responses
- F1On October 2, 2017, 16,361 of the reporting person's restricted stock units were settled for an equal number of shares of the issuer's common stock.
- F2Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- F3Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 50% of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) the remaining 50% of the restricted stock units shall vest on the second anniversary of the vesting commencement date. The vesting commencement date for the restricted stock units is October 1, 2015.