Jain Umang 4
4 · Zovio Inc · Filed Apr 1, 2020
Insider Transaction Report
Form 4
Zovio IncZVO
Jain Umang
SVP, Chief Technology Officer
Transactions
- Exercise/Conversion
Common Stock
2020-03-30+6,350→ 6,350 total - Tax Payment
Common Stock
2020-03-30$1.50/sh−2,596$3,894→ 3,754 total - Exercise/Conversion
Restricted Stock Unit
2020-03-30−6,350→ 19,050 total→ Commin Stock (6,350 underlying)
Footnotes (3)
- [F1]On March 29, 2020, 6,350 of the reporting person's restricted stock units vested. 6,350 of the reporting person's restricted stock units were settled for an equal number of shares of the issuer's common stock on March 30, 2020, the first business day following the closing price of the issuer's common stock on March 27, 2020, which was the settlement price used to calculate the shares withheld.
- [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 March 29, 2019.