Bridgepoint Education Inc 4
4 · Bridgepoint Education Inc · Filed Mar 31, 2016
Insider Transaction Report
Form 4
Sarma Adarsh
Director
Transactions
- Exercise/Conversion
Common Stock
2016-03-29+3,021→ 7,981 total - Award
Stock Option (right to buy)
2016-03-29+6,110→ 6,110 totalExercise: $10.59Exp: 2026-03-29→ Common Stock (6,110 underlying) - Exercise/Conversion
Restricted Stock Units
2016-03-29−3,021→ 0 total→ Common Stock (3,021 underlying) - Award
Restricted Stock Units
2016-03-29+2,900→ 2,900 total→ Common Stock (2,900 underlying)
Holdings
- 27,710,574(indirect: See footnote)
Common Stock
Footnotes (7)
- [F1]On March 29, 2016, 3,021 of the reporting person's restricted stock units were settled for an equal number of shares of the issuer's common stock.
- [F2]Shares held by Warburg Pincus Private Equity VIII, L.P., a Delaware limited partnership (together with its two affiliated partnerships, "WP VIII"). The reporting person is a Member and Managing Director of Warburg Pincus LLC, a New York limited liability company ("WP LLC"). Warburg Pincus & Co., a New York general partnership ("WP"), is the managing member of Warburg Pincus Partners, L.P., a Delaware limited partnership ("WP Partners"), the general partner of WP VIII. WP VIII is managed by WP LLC. As a result, the reporting person may be deemed to have an indirect pecuniary interest (within the meaning of Rule 16a-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) in an indeterminate portion of the securities that may be deemed to be beneficially owned by WP VIII, WP Partners, WP and WP LLC (collectively, the "Warburg Pincus Entities").
- [F3]The reporting person disclaims beneficial ownership of all securities that may be deemed to be beneficially owned by the Warburg Pincus Entities, except to the extent of any indirect pecuniary interest therein. This Form 4 shall not be deemed an admission that the reporting person or any other person referred to herein is a beneficial owner of any securities for purposes of Section 16 of the Exchange Act or for any other purposes.
- [F4]Subject to the reporting person's continuing service, 100% of the shares subject to the option shall vest and become exercisable on March 29, 2017.
- [F5]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- [F6]Subject to the reporting person's continuing service, 100% of the restricted stock units shall vest on March 29, 2017.
- [F7]On March 29, 2016, 100% of the restricted stock units vested and were settled for an equal number of shares of the issuer's common stock.