0001567619-20-007320.txt : 20200401
0001567619-20-007320.hdr.sgml : 20200401
20200401180205
ACCESSION NUMBER: 0001567619-20-007320
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200330
FILED AS OF DATE: 20200401
DATE AS OF CHANGE: 20200401
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: 20766731
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Zovio 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: 1811 E NORTHROP BLVD
CITY: CHANDLER
STATE: AZ
ZIP: 85286
BUSINESS PHONE: 858-668-2586
MAIL ADDRESS:
STREET 1: 1811 E NORTHROP BLVD
CITY: CHANDLER
STATE: AZ
ZIP: 85286
FORMER COMPANY:
FORMER CONFORMED NAME: Bridgepoint Education Inc
DATE OF NAME CHANGE: 20041006
4
1
doc1.xml
FORM 4
X0306
4
2020-03-30
0
0001305323
Zovio Inc
ZVO
0001185726
ROYAL KEVIN
1811 E. NORTHROP BLVD.
CHANDLER
AZ
85286
0
1
0
0
EVP, Chief Financial Officer
Common Stock
2020-03-30
4
M
0
15928
0.00
A
54537
D
Common Stock
2020-03-30
4
F
0
6463
1.50
D
48074
D
Restricted Stock Unit
2020-03-30
4
M
0
15928
0
D
Common Stock
15928
47782
D
On March 29, 2020, 15,928 of the reporting person's restricted stock units vested. 15,928 of the reporting person's restricted stock units were settled for an equal number of shares of the issuer's common stock on March 30, 2020, the first business day following the closing price of the issuer's common stock on March 27, 2020, which was the settlement price used to calculate the shares withheld.
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, 2019.
/s/ Diane L. Thompson, as Attorney-in-Fact
2020-04-01