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