ADVISORY BOARD CO 4
4 · ADVISORY BOARD CO · Filed Apr 12, 2017
Insider Transaction Report
Form 4
SCHWARTZ RICHARD A
Executive Vice President
Transactions
- Tax Payment
Common Stock
2017-04-10$47.50/sh−508$24,130→ 15,703 total - Exercise/Conversion
Common Stock
2017-04-10$43.83/sh+8,484$371,854→ 24,187 total - Exercise/Conversion
Common Stock
2017-04-10+1,539→ 16,211 total - Tax Payment
Common Stock
2017-04-10$47.50/sh−8,052$382,470→ 16,135 total - Exercise/Conversion
Restricted Stock Units
2017-04-10−1,539→ 3,078 total→ Common Stock (1,539 underlying) - Exercise/Conversion
Common Stock
2017-04-11+1,478→ 17,613 total - Tax Payment
Common Stock
2017-04-11$47.50/sh−488$23,180→ 17,125 total - Exercise/Conversion
Restricted Stock Units
2017-04-11−1,478→ 1,478 total→ Common Stock (1,478 underlying) - Exercise/Conversion
Common Stock Options
2017-04-10−8,484→ 0 totalExercise: $43.83Exp: 2017-04-17→ Common Stock (8,484 underlying)
Footnotes (5)
- [F1]Represents a "net exercise" of outstanding stock options. These shares were withheld by the Company for payment of the exercise price and applicable taxes, based on the market price of the Company's common stock at the time of the option exercise on April 10, 2017 of $47.50
- [F2]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Company's common stock.
- [F3]The RSUs vest in four equal installments on May 10, 2016; April 10, 2017; April 10, 2018; and April 10, 2019, unless deferred. Upon vesting, each RSU is settled by the delivery of the underlying shares of common stock or payment of the current cash value of the vested shares, at the discretion of the Company.
- [F4]The RSUs vest in four equal installments on May 11, 2015; April 11, 2016; April 11, 2017; and April 11, 2018, unless deferred. Upon vesting, each RSU is settled by the delivery of the underlying shares of common stock or payment of the current cash value of the vested shares, at the discretion of the Company.
- [F5]The options to purchase the Company's common stock become exercisable in two equal annual installments beginning on April 17, 2013.