0001567619-18-001567.txt : 20180821
0001567619-18-001567.hdr.sgml : 20180821
20180821162455
ACCESSION NUMBER: 0001567619-18-001567
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180817
FILED AS OF DATE: 20180821
DATE AS OF CHANGE: 20180821
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: 181030579
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
4
1
doc1.xml
FORM 4
X0306
4
2018-08-17
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
2018-08-17
4
M
0
13161
10.44
A
41207
D
Common Stock
2018-08-17
4
M
0
20704
10.59
A
61911
D
Common Stock
2018-08-17
4
F
0
29857
13.35
D
32054
D
Stock Option (right to buy)
10.44
2018-08-17
4
M
0
13161
0.00
A
2018-10-13
Common Stock
13161
0
D
Stock Option (right to buy)
10.59
2018-08-17
4
M
0
20704
0.00
A
2018-10-13
Common Stock
20704
0
D
The share issuances reported on Table I (indicated by transaction code M) reflect shares issued upon the exercise of non-qualified stock options granted on March 29, 2017 and March 26, 2016, respectively. Such options were amended in October 2017 to allow for the acceleration of vesting as to an aggregate of 33,865 shares, and to amend the expiration date of both grants to October 13, 2018. Remaining unvested shares were forfeited. The option exercises are reported on Table II. The exercises were pursuant to a net issuance program adopted by the issuer's board of directors to allow for exercise of the options prior to their expiration. Upon exercise of an option pursuant to the program, the issuer retains shares sufficient in value to cover the aggregate option exercise price and applicable withholding taxes. The withheld shares are indicated by transaction code F on Table I. No shares are sold into the market in connection with option exercises pursuant to the net issuance program.
Immediately exercisable.
/s/ Diane L. Thompson, as Attorney-in-Fact
2018-08-20