0001140361-17-032649.txt : 20170817 0001140361-17-032649.hdr.sgml : 20170817 20170817193549 ACCESSION NUMBER: 0001140361-17-032649 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170815 FILED AS OF DATE: 20170817 DATE AS OF CHANGE: 20170817 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Clark Andrew S. CENTRAL INDEX KEY: 0001453872 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34272 FILM NUMBER: 171039896 MAIL ADDRESS: STREET 1: C/O BPE 13500 EVENING CREEK DRIVE NORTH STREET 2: SUITE 600 CITY: SAN DIEGO STATE: CA ZIP: 92128 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 2017-08-15 0 0001305323 Bridgepoint Education Inc BPI 0001453872 Clark Andrew S. 8620 SPECTRUM CENTER BLVD. SAN DIEGO CA 92123 1 1 0 0 Chief Executive Officer Common Stock 2017-08-15 4 M 0 54075 0.585 A 146806 D Common Stock 2017-08-15 4 S 0 54075 8.8281 D 92731 D Common Stock 513444 I By trust Stock Option (right to buy) 0.585 2017-08-15 4 M 0 5927 0.00 D 2017-11-27 Common Stock 5927 5927 D Stock Option (right to buy) 0.585 2017-08-15 4 M 0 10015 0.00 D 2017-11-27 Common Stock 10015 10015 D Stock Option (right to buy) 0.585 2017-08-15 4 M 0 38133 0.00 D 2017-11-27 Common Stock 38133 38133 D The sale of shares reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person. Represents the weighted average share price of an aggregate total of 54,075 shares sold in the price range of $8.65 to $9.32 by the reporting person. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price. Shares held indirectly by the reporting person in the name of the Clark Family Trust, dated July 8, 1998, of which the reporting person is a trustee and in which the reporting person has a pecuniary interest. This option vested and became exercisable as follows: (i) 25% of the option vested on the first anniversary of the vesting commencement date, (ii) an additional 2% of the option vested 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 option vested on each of the 46th, 47th and 48th monthly anniversaries of the vesting commencement date. The vesting commencement date for this option is November 27, 2007. This option became 100% vested and exercisable on November 27, 2011. /s/ Diane L. Thompson, as Attorney-in-Fact 2017-08-17