SEC Form 4 · accession 0000929887-15-000052
APOLLO EDUCATION GROUP INC · APOL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Terri C Bishop
Officer — Vice Chairman · Director
Period of report
Jul 2, 2015
Accepted (ET)
Jul 7, 2015 · 5:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000929887
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF2,F3,F4 | Jul 2, 2015 | F | 1,482 | $12.93 | D | 48,660 | D | |
| Class A Common StockF2,F3,F4 | Jul 2, 2015 | G | 2,460 | $0.00 | D | 46,200 | D | |
| Class A Common StockF5 | Jul 2, 2015 | G | 2,460 | $0.00 | A | 26,924 | I | Tom & Terri Bishop, TTEES Bishop Family Living Trust Dtd 2/24/99 Rstd 7/11/03 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of the Issuer's Class A common stock withheld to satisfy the Issuer's tax withholding obligation upon the vesting of restricted stock units ("RSUs") and the issuance of the underlying shares of the Issuer's Class A common stock.
- F2Includes (i) 20,196 shares of the Issuer's Class A common stock subject to RSUs granted August 12, 2014, (ii) 19,257 shares of the Issuer's Class A common stock subject to RSUs granted August 13, 2013, (iii) 777 shares of the Issuer's Class A common stock subject to RSUs granted May 1, 2013, (iv) 3,165 shares of the Issuer's Class A common stock subject to RSUs granted July 2, 2012, and (v) 2,805 shares of the Issuer's Class A common stock subject to RSUs granted July 6, 2011. The 20,196 shares listed in (i) above will be issued when those units vest (subject to an initial performance-vesting requirement) in a series of four successive equal installments upon the Reporting Person's continuation in service with the Issuer through each of the August 31, 2015, August 12, 2016, August 12, 2017 and August 12, 2018 vesting dates. (footnote continued below)
- F3(continued from footnote 2 above) The 19,257 shares listed in (ii) above will be issued when those units vest in a series of three successive equal installments upon the Reporting Person's continuation in service with the Issuer through each of the August 13, 2015, August 13, 2016, and August 13, 2017 vesting dates. The 777 shares listed in (iii) above and the 3,165 shares listed in (iv) above will be issued when those units vest upon the Reporting Person's continuation in service with the Issuer through the July 2, 2016 vesting date. The 2,805 shares listed in (v) above will be issued when those units vest upon the Reporting Person's continuation in service with the Issuer through the July 6, 2015 vesting date. All of the RSUs are subject to accelerated vesting upon certain changes in ownership or control of the Issuer.
- F4Does not include 1,983 target shares of the Issuer's Class A common stock subject to the performance share award made to the Reporting Person on July 2, 2012. The award will not actually convert into any shares of the Issuer's Class A common stock unless the applicable performance goals are attained at threshold level or above.
- F5By self as co-trustee and beneficiary of the Tom & Terri Bishop, TTEES Bishop Family Living Trust dated February 24, 1999.