SEC Form 4 · accession 0001140361-18-016566
Bridgepoint Education Inc · BPI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steve Burkholder
Officer — VP, Chief Accounting Officer
Period of report
Mar 29, 2018
Accepted (ET)
Apr 2, 2018 · 7:55 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, 2018 | M | 2,968 | $0.00 | A | 4,501 | D | |
| Common Stock | Mar 29, 2018 | F | 1,201 | $6.74 | D | 3,300 | 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 UnitF2,F3 | — | Mar 29, 2018 | A | 7,420 | A | — | — | Common Stock | 7,420 | 7,420 | D |
| Restricted Stock UnitF2,F4 | — | Mar 29, 2018 | M | 510 | D | — | — | Common Stock | 510 | 0 | D |
| Restricted Stock UnitF2,F5 | — | Mar 29, 2018 | M | 1,260 | D | — | — | Common Stock | 1,260 | 1,260 | D |
| Restricted Stock UnitF2,F6 | — | Mar 29, 2018 | M | 605 | D | — | — | Common Stock | 605 | 1,210 | D |
| Restricted Stock UnitF2,F7 | — | Mar 29, 2018 | M | 593 | D | — | — | Common Stock | 593 | 1,777 | D |
Explanation of responses
- F1On March 29, 2018, 2,968 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) 25% of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 25% of the restricted stock units shall vest on each subsequent anniversary of the vesting commencement date. The vesting commencement date for the restricted stock units is March 29, 2018.
- F4Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 25% of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 25% of the restricted stock units shall vest on each subsequent anniversary of the vesting commencement date. The vesting commencement date for the restricted stock units is March 29, 2014.
- F5Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 25% of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 25% of the restricted stock units shall vest on each subsequent anniversary of the vesting commencement date. The vesting commencement date for the restricted stock units is March 29, 2015.
- F6Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 25% of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 25% of the restricted stock units shall vest on each subsequent anniversary of the vesting commencement date. The vesting commencement date for the restricted stock units is March 29, 2016.
- F7Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 25% of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 25% of the restricted stock units shall vest on each subsequent anniversary of the vesting commencement date. The vesting commencement date for the restricted stock units is March 29, 2017.