SEC Form 4 · accession 0001213900-16-016519
ITT EDUCATIONAL SERVICES INC · ESI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Aug 29, 2016
Accepted (ET)
Aug 31, 2016 · 4:41 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,F2 | Aug 29, 2016 | S | 1,220,000 | $0.47 | D | 2,009,382 | I | See footnote |
| Common StockF3,F2 | Aug 30, 2016 | S | 2,009,382 | $0.37 | D | 0 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On August 29, 2016 and August 30, 2016, the Reporting persons sold all of the then beneficially owned by them in open market transactions. The transaction on August 29, 2016 was executed in multiple trades at prices ranging from $0.43 to $0.50. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F2Shares of Common Stock owned by KHLU Limited. Mr. Zhifeng Zhang is the sole shareholder of the KHLU Limited and has voting and dispositive power over the shares held by KHLU Limited. Mr. Yude Zhang is the director of KHLU Limited and has voting and dispositive power over the shares held by KHLU Limited.
- F3This transaction was executed in one trade at $0.37 per share. The transaction on August 30, 2016 was executed in multiple trades at prices ranging from $0.36 to $0.43. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.