SEC Form 4 · accession 0001140361-16-058554
ITT EDUCATIONAL SERVICES INC · ESI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin M Modany
Officer — Chief Executive Officer
Period of report
Mar 18, 2016
Accepted (ET)
Mar 21, 2016 · 3:57 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000922475
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 18, 2016 | A | 42,188 | $0.00 | A | 132,384 | D | |
| Common Stock | holding | — | — | — | 225 | I | By Company 401(k) Plan |
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,F3 | $3.57 | Mar 18, 2016 | A | 62,500 | A | — | Mar 18, 2023 | Common Stock | 62,500 | 62,500 | D |
Explanation of responses
- F1Restricted stock units awarded under the ITT Educational Services, Inc. Amended and Restated 2006 Equity Compensation Plan (the "2006 Plan"), a Rule 16b-3 plan. The award will settle in three equal installments on March 18, 2017, 2018 and 2019, in the form of one share of the Company's common stock for each restricted stock unit being settled.
- F2Option awarded under the 2006 Plan.
- F3The option vests in three equal installments on March 18, 2017, 2018 and 2019.