0001140361-17-014231.txt : 20170331 0001140361-17-014231.hdr.sgml : 20170331 20170331195327 ACCESSION NUMBER: 0001140361-17-014231 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: HACKETT PATRICK T CENTRAL INDEX KEY: 0001238606 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34272 FILM NUMBER: 17731951 MAIL ADDRESS: STREET 1: C/O WARBURG PINCUS LLC STREET 2: 450 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 4 1 doc1.xml FORM 4 X0306 4 2017-03-29 0 0001305323 Bridgepoint Education Inc BPI 0001238606 HACKETT PATRICK T 8620 SPECTRUM CENTER BLVD. SAN DIEGO CA 92123 1 0 0 0 Common Stock 2017-03-29 4 M 0 2900 0.00 A 10881 D Common Stock 9638285 I See footnote Stock Option (right to buy) 10.44 2017-03-29 4 A 0 6100 0.00 A 2027-03-29 Common Stock 6100 6100 D Restricted Stock Unit 2017-03-29 4 A 0 2840 0.00 A Common Stock 2840 2840 D Restricted Stock Unit 2017-03-29 4 M 0 2900 0.00 A Common Stock 2900 0 D On March 29, 2017, 2,900 of the reporting person's restricted stock units were settled for an equal number of shares of the issuer's common stock. Reflects the Common Stock held by Warburg Pincus Private Equity VIII, L.P., a Delaware limited partnership (together with its two affiliated partnerships, "WP VIII"). The reporting person is a director of the Company, Member and Managing Director of Warburg Pincus LLC, a New York limited liability company ("WP LLC"), and a Partner of Warburg Pincus & Co., a New York general partnership ("WP"). Warburg Pincus Partners, L.P., a Delaware limited partnership ("WP Partners"), is the general partner, both directly and indirectly, of WP VIII. Warburg Pincus Partners GP LLC, a Delaware limited liability company ("WP Partners GP"), is the general partner of WP Partners. WP is the managing member of WP Partners GP. WP LLC is the manager of WP VIII. As a result, the reporting person may be deemed to have an indirect pecuniary interest (within the meaning of Rule 16a-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) in an indeterminate portion of the securities that may be deemed to be beneficially owned by WP VIII, WP Partners, WP Partners GP, WP and WP LLC (collectively, the "Warburg Pincus Entities"). All shares of Common Stock indicated as indirectly owned by Mr. Hackett are included because of his affiliation with the Warburg Pincus Entities. The reporting person disclaims beneficial ownership of all securities that may be deemed to be beneficially owned by the Warburg Pincus Entities, except to the extent of any indirect pecuniary interest therein. This Form 4 shall not be deemed an admission that the reporting person or any other person referred to herein is a beneficial owner of any securities for purposes of Section 16 of the Exchange Act or for any other purposes. Subject to the reporting person's continuing service, 100% of the shares subject to the option shall vest and become exercisable on March 29, 2018. 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, 100% of the restricted stock units shall vest on March 29, 2018. On March 29, 2017, 100% of the restricted stock units vested and were settled for an equal number of shares of the issuer's common stock. /s/ Diane L. Thompson, as Attorney-in-Fact 2017-03-31