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