SEC Form 4 · accession 0001567619-18-001567

Bridgepoint Education Inc · BPI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP, Chief Financial Officer

Period of report

Aug 17, 2018

Accepted (ET)

Aug 21, 2018 · 4:24 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
Common Stock	Aug 17, 2018	M	13,161	$10.44	A	41,207	D
Common Stock	Aug 17, 2018	M	20,704	$10.59	A	61,911	D
Common Stock	Aug 17, 2018	F	29,857	$13.35	D	32,054	D

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	Aug 17, 2018	M	13,161	A	—	Oct 13, 2018	Common Stock	13,161	0	D
Stock Option (right to buy)^F2	$10.59	Aug 17, 2018	M	20,704	A	—	Oct 13, 2018	Common Stock	20,704	0	D

F1The share issuances reported on Table I (indicated by transaction code M) reflect shares issued upon the exercise of non-qualified stock options granted on March 29, 2017 and March 26, 2016, respectively. Such options were amended in October 2017 to allow for the acceleration of vesting as to an aggregate of 33,865 shares, and to amend the expiration date of both grants to October 13, 2018. Remaining unvested shares were forfeited. The option exercises are reported on Table II. The exercises were pursuant to a net issuance program adopted by the issuer's board of directors to allow for exercise of the options prior to their expiration. Upon exercise of an option pursuant to the program, the issuer retains shares sufficient in value to cover the aggregate option exercise price and applicable withholding taxes. The withheld shares are indicated by transaction code F on Table I. No shares are sold into the market in connection with option exercises pursuant to the net issuance program.
F2Immediately exercisable.