0001567619-21-007321.txt : 20210331
0001567619-21-007321.hdr.sgml : 20210331
20210331192117
ACCESSION NUMBER: 0001567619-21-007321
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210329
FILED AS OF DATE: 20210331
DATE AS OF CHANGE: 20210331
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: 21795336
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: 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
2021-03-29
0
0001305323
Zovio Inc
ZVO
0001453872
Clark Andrew S.
1811 E. NORTHROP BLVD.
CHANDLER
AZ
85286
1
1
0
0
Chief Executive Officer
Common Stock
2021-03-29
4
M
0
169250
0.00
A
684470
D
Common Stock
2021-03-29
4
F
0
63059
4.25
D
621411
D
Common Stock
513444
I
By trust
Restricted Stock Unit
2021-03-29
4
M
0
12110
0.00
D
Common Stock
12110
0
D
Restricted Stock Unit
2021-03-29
4
M
0
31465
0.00
D
Common Stock
31465
31465
D
Restricted Stock Unit
2021-03-29
4
M
0
50888
0.00
D
Common Stock
50888
101774
D
Restricted Stock Unit
2021-03-29
4
M
0
74787
0.00
D
Common Stock
74787
149573
D
On March 29, 2021, 169,250 of the reporting person's restricted stock units were settled for an equal number of shares of the issuer's common stock.
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.
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, 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.
Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 1/3rd of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 1/3rd 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, 2020.
/s/ Diane L. Thompson, as Attorney-in-Fact
2021-03-31