SEC Form 4 · accession 0000929887-16-000213
APOLLO EDUCATION GROUP INC · APOL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Mitchell Bowling
Officer — SVP, COO
Period of report
Oct 14, 2016
Accepted (ET)
Oct 18, 2016 · 4:35 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 14, 2016 | F | 6,146 | $8.46 | D | 225,600 | 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) 58,320 shares of the Issuer's Class A common stock subject to RSUs granted August 12, 2015, (ii) 26,862 shares of the Issuer's Class A common stock subject to RSUs granted August 12, 2015, (iii) 19,448 shares of the Issuer's Class A common stock subject to RSUs granted August 12, 2014, (iv) 13,378 shares of the Issuer's Class A common stock subject to RSUs granted December 16, 2013, and (v) 31,020 shares of the Issuer's Class A common stock subject to RSUs granted December 16, 2013. The 58,320 shares listed in (i) 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, 2017, August 12, 2018 and August 12, 2019 vesting dates. (footnote continued below)
- F3(continued from footnote 2 above) The 26,862 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, subject to accelerated vesting upon an involuntary termination of the Reporting Person's service without cause. The 19,448 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 12, 2017 and August 12, 2018 vesting dates. (footnote continued below)
- F4(continued from footnote 3 above) The 13,378 shares listed in (iv) 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, 2016 and December 16, 2017 vesting dates. The 31,020 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 December 16, 2016 vesting date. All of the RSUs are subject to accelerated vesting upon certain changes in ownership or control of the Issuer.