SEC Form 4 · accession 0000929887-15-000111
APOLLO EDUCATION GROUP INC · APOL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ann Kirschner
Director
Period of report
Aug 12, 2015
Accepted (ET)
Aug 14, 2015 · 4:55 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 StockF1,F2 | Aug 12, 2015 | A | 12,893 | $0.00 | A | 46,933 | D | |
| Class A Common StockF3 | holding | — | — | — | 5 | I | Custodian |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of the Issuer's Class A common stock underlying restricted stock units ("RSUs") granted to the Reporting Person. The RSUs will vest in full upon the Reporting Person's continuation in Board service with the Issuer through August 31, 2016, subject to accelerated vesting of the entire award upon certain changes in ownership or control of the Issuer. The vested shares of the Issuer's Class A common stock underlying the RSUs will be issued in one or more installments following the Reporting Person's cessation of Board service. The RSUs also include dividend equivalent rights which will entitle the Reporting Person to the same dividends that would be payable were the shares of the Issuer's Class A common stock underlying the RSUs actually outstanding shares at the time of such dividends. The credited dividends will be paid concurrently with the issuance of those shares of the Issuer's Class A common stock.
- F2Includes (i) 12,893 shares of the Issuer's Class A common stock subject to the reported RSU award, (ii) 7,106 shares of the Issuer's Class A common stock subject to RSUs granted August 12, 2014 that will vest upon the Reporting Person's continuation in Board service with the Issuer through August 31, 2015 and will be issued in one or more installments following the Reporting Person's cessation of Board service with the Issuer, and (iii) 22,657 deferred shares of the Issuer's Class A common stock that will be issued in one or more installments following the Reporting Person's cessation of Board service with the Issuer. All of the RSUs are subject to accelerated vesting upon certain changes in ownership or control of the Issuer.
- F3The Reporting Person disclaims beneficial ownership of such securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of those securities.