SEC Form 4 · accession 0001209191-19-016775
Grand Canyon Education, Inc. · LOPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian E Mueller
Officer — CEO · Director
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 5:37 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 StockF1 | Mar 1, 2019 | F | 11,301 | $118.83 | D | 280,124 | D | |
| Common Stock | Mar 4, 2019 | M | 40,000 | $21.10 | A | 320,124 | D | |
| Common StockF2 | Mar 4, 2019 | S | 40,000 | $117.91 | D | 280,124 | 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) | $21.10 | Mar 4, 2019 | M | 40,000 | D | Feb 25, 2015 | Feb 24, 2020 | Common Stock | 40,000 | 0 | D |
Explanation of responses
- F1Represents withholding of shares to pay tax liability incident to the vesting of restricted stock.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.00 to $119.17, 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.