SEC Form 4 · accession 0001104659-15-068327
2U, Inc. · TWOU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Christopher J Paucek
Officer — Chief Executive Officer · Director
Period of report
Sep 29, 2015
Accepted (ET)
Sep 30, 2015 · 4:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001459417
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 29, 2015 | M | 21,618 | $3.08 | A | 135,948 | D | |
| Common Stock | Sep 29, 2015 | M | 103,382 | $5.75 | A | 239,330 | D | |
| Common Stock | Sep 30, 2015 | S | 125,000 | $32.47 | D | 114,330 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $3.08 | Sep 29, 2015 | M | 21,618 | D | — | Feb 15, 2022 | Common Stock | 21,618 | 150,845 | D |
| Employee Stock Option (right to buy)F2 | $5.75 | Sep 29, 2015 | M | 103,382 | D | — | May 8, 2023 | Common Stock | 103,382 | 372,633 | D |
Explanation of responses
- F125% of the shares underlying this option at the date of grant vested on December 31, 2012, and the remaining shares vest in 36 equal monthly installments thereafter, subject to the reporting person's continued service with the issuer as of the applicable vesting date.
- F225% of the shares underlying this option at the date of grant vested on January 31, 2014, and the remaining shares vest in 36 equal monthly installments thereafter, subject to the reporting person's continued service with the issuer as of the applicable vesting date.