SEC Form 4 · accession 0001209191-17-032194
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
May 10, 2017
Accepted (ET)
May 12, 2017 · 7:14 pm EDT
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 | May 10, 2017 | M | 14,000 | $12.00 | A | 120,605 | D | |
| Common StockF2 | May 10, 2017 | S | 14,000 | $78.21 | D | 106,605 | D | |
| Common Stock | May 10, 2017 | G | 1,500 | $0.00 | D | 105,105 | 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 | May 10, 2017 | M | 14,000 | D | Nov 19, 2013 | Nov 18, 2018 | Common Stock | 14,000 | 24,128 | D |
Explanation of responses
- F1These sales were effected pursuant to a 10b5-1 plan adopted by the reporting person dated December 14, 2016.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.00 to $79.15, 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 footnote for this Form 4.