SEC Form 4 · accession 0000929887-15-000141
APOLLO EDUCATION GROUP INC · APOL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Mitchell Bowling
Officer — COO
Period of report
Oct 22, 2015
Accepted (ET)
Oct 26, 2015 · 7:05 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 | Oct 22, 2015 | F | 3,078 | $7.185 | D | 250,987 | D |
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) 77,760 shares of the Issuer's Class A common stock subject to RSUs granted August 12, 2015, (ii) 40,293 shares of the Issuer's Class A common stock subject to RSUs granted August 12, 2015, (iii) 29,172 shares of the Issuer's Class A common stock subject to RSUs granted August 12, 2014, (iv) 20,067 shares of the Issuer's Class A common stock subject to RSUs granted December 16, 2013, and (v) 62,040 shares of the Issuer's Class A common stock subject to RSUs granted December 16, 2013. The 77,760 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, 2016, August 12, 2017, August 12, 2018 and August 12, 2019 vesting dates. (footnote continued below)
- F3(continued from footnote 2 above) The 40,293 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 12, 2016, August 12, 2017, and August 12, 2018 vesting dates, subject to accelerated vesting upon an involuntary termination of the Reporting Person's service without cause. The 29,172 shares listed in (iii) 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 12, 2016, August 12, 2017, and August 12, 2018 vesting dates. (footnote continued below)
- F4(continued from footnote 3 above) The 20,067 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 December 16, 2015, December 16, 2016, and December 16, 2017 vesting dates. The 62,040 shares listed in (v) 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 December 16, 2015 and December 16, 2016 vesting dates. All of the RSUs are subject to accelerated vesting upon certain changes in ownership or control of the Issuer.