0001140361-14-020263.txt : 20140512
0001140361-14-020263.hdr.sgml : 20140512
20140512172854
ACCESSION NUMBER: 0001140361-14-020263
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140509
FILED AS OF DATE: 20140512
DATE AS OF CHANGE: 20140512
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: McAuliffe Jane
CENTRAL INDEX KEY: 0001453844
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34272
FILM NUMBER: 14834567
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
2014-05-09
0
0001305323
Bridgepoint Education Inc
BPI
0001453844
McAuliffe Jane
13500 EVENING CREEK DRIVE NORTH
SAN DIEGO
CA
92128
0
1
0
0
EVP, Chief Academic Officer
Common Stock
2014-05-09
4
M
0
4871
.585
A
10716
D
Common Stock
2014-05-09
4
M
0
2715
10.5
A
13431
D
Common Stock
2014-05-09
4
M
0
2274
.315
A
15705
D
Common Stock
2014-05-09
4
S
0
9860
15.5162
D
5845
D
Stock Option (right to buy)
0.585
2014-05-09
4
M
0
2325
0
D
2017-11-27
Common Stock
2325
13954
D
Stock Option (right to buy)
0.585
2014-05-09
4
M
0
2546
0.00
D
2017-11-27
Common Stock
2546
15281
D
Stock Option (right to buy)
10.50
2014-05-09
4
M
0
2715
0.00
D
2019-04-14
Common Stock
2715
57030
D
Stock Option (right to buy)
0.315
2014-05-09
4
M
0
2274
0.00
D
2016-02-15
Common Stock
2274
13652
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 on December 6, 2013.
Represents the weighted average share price of an aggregate total of 9,860 shares sold in the price range of $15.34 to $15.73 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.
Subject to the reporting person's continuing service, this option vests and becomes exercisable as follows: (i) 25% of the option vests on the first anniversary of the vesting commencement date, (ii) an additional 2% of the option vests 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 vests 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.
Subject to the reporting person's continuing service, this option vests and becomes exercisable as follows: beginning with fiscal year 2008 and ending with fiscal year 2011, 25% of the option vests for each fiscal year in which the issuer's performance targets (as defined in the stock option award), based on our annual revenue and annual EBITDA, are achieved. For any fiscal year in which the annual performance targets are not achieved, such portion will vest if in any subsequent fiscal year the cumulative revenue and EBITDA targets are achieved (the cumulative targets are defined in the stock option award). This option became 100% vested and exercisable on December 31, 2011.
Subject to the reporting person's continuing service, this option vests and becomes exercisable as follows: (i) 25% of the option vests on the first anniversary of the vesting commencement date, (ii) an additional 2% of the option vests 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 vests on each of the 46th, 47th and 48th monthly anniversaries of the vesting commencement date. The vesting commencement date for this option is April 14, 2009. This option became 100% vested and exercisable on April 14, 2013.
This option became 100% vested and exercisable on April 14, 2009.
/s/ Diane L. Thompson, as Attorney-in-Fact
2014-05-12