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