SEC Form 4 · accession 0001179110-16-033367
2U, Inc. · TWOU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Kenigsberg
Officer — Chief Technology Officer
Period of report
Dec 19, 2016
Accepted (ET)
Dec 21, 2016 · 7:59 pm EST
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 | Dec 19, 2016 | M | 1,565 | $25.52 | A | 57,087 | D | |
| Common Stock | Dec 19, 2016 | M | 4,672 | $11.00 | A | 61,759 | D | |
| Common Stock | Dec 19, 2016 | S | 6,237 | $33.00 | D | 55,522 | 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)F2 | $25.52 | Dec 19, 2016 | M | 1,565 | A | — | Apr 1, 2025 | Common Stock | 1,565 | 26,615 | D |
| Employee Stock Option (right to buy)F3 | $11.00 | Dec 19, 2016 | M | 4,672 | A | — | Mar 6, 2024 | Common Stock | 4,672 | 27,116 | D |
Explanation of responses
- F1The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 22, 2016.
- F225% of the underlying shares vested on April 1, 2016, and the remaining shares will vest in 36 equal monthly installments thereafter, subject to the reporting person's continued service with the issuer as of the applicable vesting date.
- F325% of the shares underlying this option vested on January 31, 2015 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.