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