Reis James Richard 4
4 · APOLLO GROUP INC · Filed Jul 6, 2009
Insider Transaction Report
Form 4
APOLLO GROUP INCAPOL
Reis James Richard
Director
Transactions
- Award
Class A Common Stock
2009-07-02+2,062→ 8,327 total - Award
Non-Qualified Stock Option (right to buy)
2009-07-02+6,000→ 6,000 totalExercise: $67.90Exp: 2019-07-02→ Class A Common Stock (6,000 underlying)
Footnotes (3)
- [F1]Represents shares of the Issuer's Class A common stock underlying restricted stock units ("RSUs") awarded to the Reporting Person. The RSUs will vest in full upon the Reporting Person's continuation in Board service with the Issuer through August 31, 2010, subject to accelerated vesting of the entire award upon certain changes in ownership or control of the Issuer. The shares of Class A common stock will be issued when the RSUs vest. The RSUs also include dividend equivalent rights which will entitle the Reporting Person to the same dividends as would be received were the shares of Class A common stock underlying the RSUs actually outstanding shares.
- [F2]Includes (i) 2,062 shares of the Issuer's Class A common stock subject to the reported RSU award, and (ii) 2,015 shares of the Issuer's Class A common stock subject to RSUs granted October 31, 2008 that will be issued when those units vest upon the Reporting Person's continuation in Board service with the Issuer through August 31, 2009. All of the RSUs are subject to accelerated vesting upon certain changes in ownership or control of the Issuer.
- [F3]The option will vest and become exercisable for the underlying shares of Class A common stock in full upon the Reporting Person's continuation in Board service with the Issuer through August 31, 2010, subject to accelerated vesting upon certain changes in ownership or control of the Issuer.