SEC Form 4 · accession 0001104659-16-131299
2U, Inc. · TWOU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Coretha M Rushing
Director
Period of report
Jul 1, 2016
Accepted (ET)
Jul 6, 2016 · 4:42 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 StockF1,F2,F3 | Jul 1, 2016 | A | 634 | $29.53 | A | 634 | D | |
| Common StockF1,F4 | Jul 1, 2016 | A | 2,243 | $0.00 | A | 2,877 | 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)F5 | $29.53 | Jul 1, 2016 | A | 4,692 | A | — | Jul 1, 2026 | Common Stock | 4,692 | 4,692 | D |
Explanation of responses
- F1The security represents restricted stock units granted to the reporting person. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer.
- F2The shares underlying this restricted stock unit award will vest in full on July 1, 2017, subject to the reporting person's continued service as a director of the issuer as of that date.
- F3The restricted stock units were issued to the reporting person in lieu of annual director retainer fees of $18,750.
- F4The restricted stock unit award will vest as to one-third of the underlying shares on each of July 1, 2017, 2018 and 2019, subject to the reporting person's continued service as a director of the issuer as of the applicable vesting date.
- F5The option award will vest as to one-third of the underlying shares on each of July 1, 2017, 2018 and 2019, subject to the reporting person's continued service with the issuer as of the applicable vesting date.