SEC Form 4 · accession 0001140361-16-063104
ITT EDUCATIONAL SERVICES INC · ESI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joanna T Lau
Director
Period of report
May 2, 2016
Accepted (ET)
May 3, 2016 · 5:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000922475
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF1,F2 | — | May 2, 2016 | A | 46,083 | A | — | — | Common Stock | 46,083 | 46,083 | D |
Explanation of responses
- F1Each phantom unit is the economic equivalent of one share of ITT Educational Services, Inc. common stock.
- F2The phantom units are scheduled to vest on May 2, 2017, and payment will be made to the reporting person within 60 days thereafter of an amount in cash equal to the number of vested phantom units multiplied by the closing stock price of the issuer's common stock on May 2, 2017.