SEC Form 4 · accession 0000929887-16-000201
APOLLO EDUCATION GROUP INC · APOL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory William Cappelli
Officer — Chief Executive Officer · Director
Period of report
Aug 12, 2016
Accepted (ET)
Aug 16, 2016 · 5:06 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 | Aug 12, 2016 | F | 14,446 | $9.04 | D | 668,549 | 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) 236,907 shares of the Issuer's Class A common stock subject to RSUs granted August 12, 2015 and (ii) 45,999 shares of the Issuer's Class A common stock subject to RSUs granted on August 12, 2014. The 236,907 shares listed in (i) above will be issued when those units vest (subject to an initial performance-vesting requirement) 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)
- F3(continued from footnote 2 above) The 45,999 shares listed in (ii) above will be issued when those units vest upon the Reporting Person's continuation in service with the Issuer through the August 12, 2017 vesting date. All of the RSUs are subject to accelerated vesting upon certain changes in ownership or control of the Issuer, and all of the RSUs are subject to service-vesting credits in the event the Reporting Person is terminated under certain specified circumstances during the service-vesting period.