SEC Form 4 · accession 0000929887-16-000217
APOLLO EDUCATION GROUP INC · APOL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Paul Slottow
Officer — President, UOPX
Period of report
Oct 14, 2016
Accepted (ET)
Oct 18, 2016 · 4:37 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 | Oct 14, 2016 | F | 2,795 | $8.46 | D | 71,539 | 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) 25,839 shares of the Issuer's Class A common stock subject to RSUs granted August 12, 2015, (ii) 17,460 shares of the Issuer's Class A common stock subject to RSUs granted August 12, 2015, and (iii) 9,864 shares of the Issuer's Class A common stock subject to RSUs granted August 12, 2014. The 25,839 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 17,460 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 9,864 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. All of the RSUs are subject to accelerated vesting upon certain changes in ownership or control of the Issuer.