SEC Form 4 · accession 0001179110-19-000449
2U, Inc. · TWOU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alexis Maybank
Director
Period of report
Jan 2, 2019
Accepted (ET)
Jan 4, 2019 · 4:54 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 StockF1,F2 | Jan 2, 2019 | A | 779 | $0.00 | A | 779 | D | |
| Common StockF1,F3,F4 | Jan 2, 2019 | A | 125 | $49.64 | A | 904 | 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 | $49.64 | Jan 2, 2019 | A | 1,683 | A | — | Jan 1, 2029 | Common Stock | 1,683 | 1,683 | 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 restricted stock unit award will vest as to one-third of the underlying shares on each of January 1, 2020, 2021 and 2022, subject to the reporting person's continued service as a director of the issuer as of the applicable vesting date.
- F3The shares underlying this restricted stock unit award will vest in full on January 1, 2020, subject to the reporting person's continued service as a director of the issuer as of that date.
- F4The restricted stock units were issued to the reporting person in lieu of annual director retainer fees of $6,250.
- F5The option award will vest as to one-third of the underlying shares on each of January 1, 2020, 2021 and 2022, subject to the reporting person's continued service as a director of the issuer as of the applicable vesting date.