0001567619-20-007319.txt : 20200401 0001567619-20-007319.hdr.sgml : 20200401 20200401175932 ACCESSION NUMBER: 0001567619-20-007319 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200330 FILED AS OF DATE: 20200401 DATE AS OF CHANGE: 20200401 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Brown Marc CENTRAL INDEX KEY: 0001613946 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34272 FILM NUMBER: 20766722 MAIL ADDRESS: STREET 1: 13500 EVENING CREEK DRIVE NORTH CITY: SAN DIEGO STATE: CA ZIP: 92128 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Zovio 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: 1811 E NORTHROP BLVD CITY: CHANDLER STATE: AZ ZIP: 85286 BUSINESS PHONE: 858-668-2586 MAIL ADDRESS: STREET 1: 1811 E NORTHROP BLVD CITY: CHANDLER STATE: AZ ZIP: 85286 FORMER COMPANY: FORMER CONFORMED NAME: Bridgepoint Education Inc DATE OF NAME CHANGE: 20041006 4 1 doc1.xml FORM 4 X0306 4 2020-03-30 0 0001305323 Zovio Inc ZVO 0001613946 Brown Marc 1811 E. NORTHROP BLVD. CHANDLER AZ 85286 0 1 0 0 SVP, Chief HR Officer Common Stock 2020-03-30 4 M 0 15213 0.00 A 35570 D Common Stock 2020-03-30 4 F 0 6221 1.5 D 29349 D Restricted Stock Unit 2020-03-30 4 M 0 1872 0.00 D Common Stock 1872 0 D Restricted Stock Unit 2020-03-30 4 M 0 1900 0.00 D Common Stock 1900 1900 D Restricted Stock Unit 2020-03-30 4 M 0 4648 0.00 D Common Stock 4648 9294 D Restricted Stock Unit 2020-03-30 4 M 0 6793 0.00 D Common Stock 6793 20377 D On March 29, 2020, 15,213 of the reporting person's restricted stock units vested. 15,213 of the reporting person's restricted stock units were settled for an equal number of shares of the issuer's common stock on March 30, 2020, the first business day following the closing price of the issuer's common stock on March 27, 2020, which was the settlement price used to calculate the shares withheld. 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, 2016. 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, 2017. 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, 2018. 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, 2019. /s/ Diane L. Thompson, as Attorney-in-Fact 2020-04-01