Finkelstein Gregory K. 4
4 · Zovio Inc · Filed Jan 3, 2020
Insider Transaction Report
Form 4
Zovio IncZVO
Finkelstein Gregory K.
Chief Operating Officer
Transactions
- Tax Payment
Common Stock
2019-12-31$2.06/sh−1,737$3,578→ 5,396 total - Exercise/Conversion
Common Stock
2019-12-31+7,133→ 7,133 total - Exercise/Conversion
Restricted Stock Units
2019-12-31−7,133→ 21,397 total→ Common Stock (7,133 underlying)
Footnotes (3)
- [F1]On December 31, 2019, 7,133 of the reporting person's restricted stock units were settled for an equal number of shares of the issuer's common stock.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- [F3]Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 25% of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 25% of the restricted stock units shall vest on each subsequent anniversary of the vesting commencement date. The vesting commencement date for the restricted stock units is December 31, 2018.