McCarty Thomas 4
4 · Zovio Inc · Filed Mar 31, 2021
Insider Transaction Report
Form 4
Zovio IncZVO
McCarty Thomas
SVP/Chief Marketing Officer
Transactions
- Exercise/Conversion
Restricted Stock Unit
2021-03-29−11,630→ 23,260 total→ Common Stock (11,630 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-03-29−17,090→ 34,180 total→ Common Stock (17,090 underlying) - Tax Payment
Common Stock
2021-03-29$4.25/sh−9,915$42,139→ 61,075 total - Exercise/Conversion
Restricted Stock Unit
2021-03-29−2,365→ 0 total→ Common Stock (2,365 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-03-29−5,565→ 5,565 total→ Common Stock (5,565 underlying) - Exercise/Conversion
Common Stock
2021-03-29+36,650→ 70,990 total
Footnotes (6)
- [F1]On March 29, 2021, 36,650 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 March 29, 2017.
- [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, 2018.
- [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, 2019.
- [F6]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.