SEC Form 4 · accession 0001179110-18-011339
2U, Inc. · TWOU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher J Paucek
Officer — Chief Executive Officer · Director
Period of report
Sep 10, 2018
Accepted (ET)
Sep 12, 2018 · 6:06 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 10, 2018 | M | 75,000 | $5.75 | A | 605,191 | D | |
| Common StockF2 | Sep 10, 2018 | S | 11,503 | $83.35 | D | 593,688 | D | |
| Common StockF3 | Sep 10, 2018 | S | 37,992 | $84.34 | D | 555,696 | D | |
| Common StockF4 | Sep 10, 2018 | S | 25,505 | $85.03 | D | 530,191 | 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 | $5.75 | Sep 10, 2018 | M | 75,000 | D | — | Jan 31, 2023 | Common Stock | 75,000 | 131,618 | 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 June 15, 2018.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.77 to $83.75, inclusive. The reporting person undertakes to provide to 2U, Inc., any security holder of 2U, 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 footnotes (2), (3) and (4) to this Form 4.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.77 to $84.76, inclusive.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.77 to $85.21, inclusive.
- F5The shares underlying this option are fully vested.