0001140361-17-014238.txt : 20170331 0001140361-17-014238.hdr.sgml : 20170331 20170331200306 ACCESSION NUMBER: 0001140361-17-014238 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170329 FILED AS OF DATE: 20170331 DATE AS OF CHANGE: 20170331 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Bridgepoint Education Inc CENTRAL INDEX KEY: 0001305323 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 593551629 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 8620 SPECTRUM CENTER BLVD CITY: SAN DIEGO STATE: CA ZIP: 92123 BUSINESS PHONE: 858-668-2586 MAIL ADDRESS: STREET 1: 8620 SPECTRUM CENTER BLVD CITY: SAN DIEGO STATE: CA ZIP: 92123 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ROYAL KEVIN CENTRAL INDEX KEY: 0001185726 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34272 FILM NUMBER: 17731983 4 1 doc1.xml FORM 4 X0306 4 2017-03-29 0 0001305323 Bridgepoint Education Inc BPI 0001185726 ROYAL KEVIN 8620 SPECTRUM CENTER BLVD. SAN DIEGO CA 92123 0 1 0 0 EVP, Chief Financial Officer Common Stock 2017-03-29 4 M 0 4033 0.00 A 14246 D Common Stock 2017-03-29 4 F 0 1513 10.44 D 12733 D Stock Option (right to buy) 10.44 2017-03-29 4 A 0 35570 0.00 A 2027-03-29 Common Stock 35570 35570 D Restricted Stock Unit 2017-03-29 4 A 0 16560 0.00 A Common Stock 16560 16560 D Restricted Stock Unit 2017-03-29 4 M 0 4033 0.00 D Common Stock 4033 12097 D On March 29, 2017, 4,033 of the reporting person's restricted stock units were settled for an equal number of shares of the issuer's common stock. Subject to the reporting person's continuing service, this option vests and becomes exercisable as follows: (i) 25% of the shares subject to the option shall vest and become exercisable on the first anniversary of the vesting commencement date, (ii) an additional 2% of the shares subject to the option shall vest and become exercisable on each monthly anniversary of the vesting commencement date for the thirty-three months following the first anniversary of the vesting commencement date and (iii) an additional 3% of the shares subject to the option shall vest and become exercisable on each of the 46th, 47th and 48th monthly anniversaries of the vesting commencement date. The vesting commencement date for this option is March 29, 2017. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. 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. 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, 2016. /s/ Diane L. Thompson, as Attorney-in-Fact 2017-03-31