SEC Form 4 · accession 0000929887-16-000206
APOLLO EDUCATION GROUP INC · APOL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter V Sperling
Officer — Chairman of the Board · Director
Period of report
Aug 12, 2016
Accepted (ET)
Aug 16, 2016 · 5:08 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 | Aug 12, 2016 | F | 1,986 | $9.04 | D | 89,317 | D | |
| Class A Common StockF2,F3 | Aug 13, 2016 | F | 2,530 | $9.04 | D | 86,787 | D | |
| Class A Common StockF5 | holding | — | — | — | 800,000 | I | John Sperling 1994 Irrevocable Trust |
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) 47,544 shares of the Issuer's Class A common stock subject to RSUs granted August 12, 2015, (ii) 10,566 shares of the Issuer's Class A common stock subject to RSUs granted August 12, 2014, and (iii) 6,730 shares of the Issuer's Class A common stock subject to RSUs granted August 13, 2013. The 47,544 shares listed in (i) above will 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; these shares have been deferred and will be issued in one lump sum on January 1, 2024. (footnote continued below)
- F3(continued from footnote 2 above) The 10,566 shares listed in (ii) 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 12, 2017 and August 12, 2018 vesting dates. The 6,730 shares listed in (iii) above will be issued when those units vest upon the Reporting Person's continuation in service with the Issuer through the August 13, 2017 vesting date. All of the RSUs are subject to accelerated vesting upon certain changes in ownership or control of the Issuer.
- F4Also includes 6,730 shares of the Issuer's Class A common stock subject to RSUs granted August 13, 2013 which were issued when those units vested on August 13, 2016.
- F5By self as co-trustee and beneficiary of the John Sperling 1994 Irrevocable Trust dated April 27, 1994.