Clark Andrew S. 4
4 · Zovio Inc · Filed Mar 31, 2021
Insider Transaction Report
Form 4
Zovio IncZVO
Clark Andrew S.
DirectorCEO and President
Transactions
- Exercise/Conversion
Common Stock
2021-03-29+169,250→ 684,470 total - Tax Payment
Common Stock
2021-03-29$4.25/sh−63,059$268,001→ 621,411 total - Exercise/Conversion
Restricted Stock Unit
2021-03-29−12,110→ 0 total→ Common Stock (12,110 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-03-29−50,888→ 101,774 total→ Common Stock (50,888 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-03-29−31,465→ 31,465 total→ Common Stock (31,465 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-03-29−74,787→ 149,573 total→ Common Stock (74,787 underlying)
Holdings
- 513,444(indirect: By Trust)
Common Stock
Footnotes (7)
- [F1]On March 29, 2021, 169,250 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 indirectly by the reporting person in the name of the Clark Family Trust, dated July 8, 1998, of which the reporting person is a trustee and in which the reporting person has a pecuniary interest.
- [F3]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- [F4]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, 2017.
- [F5]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, 2018.
- [F6]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.
- [F7]Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 1/3rd of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 1/3rd 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, 2020.