SEC Form 4 · accession 0000929887-15-000058
APOLLO EDUCATION GROUP INC · APOL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sean Martin
Officer — SVP, General Counsel
Period of report
Jul 2, 2015
Accepted (ET)
Jul 7, 2015 · 5:24 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,F5 | Jul 2, 2015 | F | 1,496 | $12.93 | D | 115,722 | D | |
| Class A Common StockF2,F3,F4,F5 | Jul 2, 2015 | G | 3,251 | $0.00 | D | 112,471 | D | |
| Class A Common StockF6 | Jul 2, 2015 | G | 3,251 | $0.00 | A | 3,251 | I | Martin Family Trust U/A Dtd 1/21/10 |
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) 37,024 shares of the Issuer's Class A common stock subject to RSUs granted August 12, 2014, (ii) 12,345 shares of the Issuer's Class A common stock subject to RSUs granted August 12, 2014, (iii) 19,944 shares of the Issuer's Class A common stock subject to RSUs granted August 13, 2013, (iv) 35,145 shares of the Issuer's Class A common stock subject to RSUs granted August 13, 2013, (v) 4,747 shares of the Issuer's Class A common stock subject to RSUs granted July 2, 2012, and (vi) 3,266 shares of the Issuer's Class A common stock subject to RSUs granted July 6, 2011. The 37,024 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 12,345 shares listed in (ii) above will be issued when those units vest (subject to an initial performance-vesting requirement) in a series of three successive installments over the Reporting Person's period of service with the Issuer as follows: 20% of the RSUs will vest upon the Reporting Person's continuation in service with the Issuer through the August 31, 2015 vesting date, and the balance will vest in two successive equal annual installments upon the Reporting Person's continuation in service with the Issuer through each of the August 12, 2016 and August 12, 2017 vesting dates. The 19,944 shares listed in (iii) above will be issued when those units vest in a series of two successive equal installments upon the Reporting Person's continuation in service with the Issuer through each of the August 13, 2015 and August 13, 2016 vesting dates. (footnote continued below)
- F4(continued from footnote 3 above) The 35,145 shares listed in (iv) 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 4,747 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 2, 2016 vesting date. The 3,266 shares listed in (vi) 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.
- F5Does not include 5,781 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.
- F6By self as co-trustee and beneficiary of the Martin Family Trust U/A dated January 21, 2010.