0001140361-15-013762.txt : 20150331 0001140361-15-013762.hdr.sgml : 20150331 20150331212638 ACCESSION NUMBER: 0001140361-15-013762 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150329 FILED AS OF DATE: 20150331 DATE AS OF CHANGE: 20150331 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: 13500 EVENING CREEK DR. #600 CITY: SAN DIEGO STATE: CA ZIP: 92128 BUSINESS PHONE: 858-668-2586 MAIL ADDRESS: STREET 1: 13500 EVENING CREEK DR. #600 CITY: SAN DIEGO STATE: CA ZIP: 92128 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Woodard Ross CENTRAL INDEX KEY: 0001453870 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34272 FILM NUMBER: 15741110 MAIL ADDRESS: STREET 1: C/O BPE 13500 EVENING CREEK DRIVE NORTH STREET 2: SUITE 600 CITY: SAN DIEGO STATE: CA ZIP: 92128 4 1 doc1.xml FORM 4 X0306 4 2015-03-29 0 0001305323 Bridgepoint Education Inc BPI 0001453870 Woodard Ross 13500 EVENING CREEK DRIVE NORTH SAN DIEGO CA 92128 0 1 0 0 EVP, Chief Marketing Officer Common Stock 2015-03-31 4 M 0 7110 0.00 A 7756 D Common Stock 2015-03-31 4 F 0 2673 9.43 D 5083 D Stock Option (right to buy) 9.43 2015-03-29 4 A 0 15299 0.00 A 2025-03-29 Common Stock 15299 15299 D Restricted Stock Units 2015-03-29 4 A 0 7366 0.00 A Common Stock 7366 7366 D Performance-Based Restricted Stock Units (PSUs) 2015-03-29 4 A 0 7561 0.00 A Common Stock 7561 7561 D Restricted Stock Units 2015-03-31 4 M 0 4265 0.00 D Common Stock 4265 8530 D Restricted Stock Units 2015-03-31 4 M 0 2845 0.00 D Common Stock 2845 8535 D On March 31, 2015, 7,110 of the reporting person's restricted stock units were settled for an equal number of the issuer's common stock. Subject to the reporting person's continuing service, this option vests and becomes exercisable as follows: (i) 25% of the shares subject to the option shall vest and become exercisable on the first anniversary of the vesting commencement date, (ii) an additional 2% of the shares subject to the option shall vest and become exercisable on each monthly anniversary of the vesting commencement date for the thirty-three months following the first anniversary of the vesting commencement date and (iii) an additional 3% of the shares subject to the option shall vest and become exercisable on each of the 46th, 47th and 48th monthly anniversaries of the vesting commencement date. The vesting commencement date for this option is March 29, 2015. 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, 2015. Each performance 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 performance stock units vest as follows: (i) 25% of the performance stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 25% of the performance stock units shall vest on each subsequent anniversary of the vesting commencement date, in each case contingent upon achievement of the stock price performance goal for the immediately preceding performance period. The vesting commencement date for the performance stock units is March 29, 2015. 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, 2013. 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, 2014. /s/ Diane L. Thompson, as Attorney-in-Fact 2015-03-31