SEC Form 4 · accession 0001209191-15-076458
National American University Holdings, Inc. · NAUH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert A Paxton
Officer — President - Online Operations
Period of report
Oct 20, 2015
Accepted (ET)
Oct 22, 2015 · 4:44 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001399855
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F1 | Oct 20, 2015 | A | 9,521 | $0.00 | A | 27,095 | 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 UnitsF3,F4 | — | Oct 20, 2015 | A | 19,500 | A | — | — | Common Stock | 19,500 | 19,500 | D |
| Employee Stock Option (right to buy)F5 | $3.06 | Oct 20, 2015 | A | 9,521 | A | — | Oct 20, 2025 | Common Stock | 9,521 | 9,521 | D |
Explanation of responses
- F1The reported transaction involves an award of common stock issued under the National American University Holdings, Inc. 2009 Stock Option and Compensation Plan (the "Plan").
- F2The common stock was granted under the Plan and therefore the reporting person paid no price for the common stock.
- F3Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F4The restricted stock units vest upon satisfaction of certain projected performance measures of the Issuer for the fiscal year ending May 31, 2016.
- F54,761 options vested immediately upon grant on October 20, 2015 and 4,760 options vest on June 1, 2016, provided that Dr. Robert Paxton continues to serve as an employee of the Company or parent or subsidiary thereof.