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