SEC Form 4 · accession 0001209191-16-107925
Grand Canyon Education, Inc. · LOPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel E Bachus
Officer — Chief Financial Officer
Period of report
Mar 11, 2016
Accepted (ET)
Mar 11, 2016 · 5:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001434588
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 11, 2016 | M | 17,500 | $12.00 | A | 115,420 | D | |
| Common StockF1 | Mar 11, 2016 | S | 17,500 | $41.91 | D | 97,920 | 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) | $12.00 | Mar 11, 2016 | M | 17,500 | D | Nov 19, 2013 | Nov 18, 2018 | Common Stock | 17,500 | 151,628 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.70 to $42.08, inclusive. The reporting person undertakes to provide to Grand Canyon Education, Inc., any security holder of Grand Canyon Education, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.