0001567619-22-007791.txt : 20220331 0001567619-22-007791.hdr.sgml : 20220331 20220331201820 ACCESSION NUMBER: 0001567619-22-007791 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220329 FILED AS OF DATE: 20220331 DATE AS OF CHANGE: 20220331 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Pernsteiner George P. CENTRAL INDEX KEY: 0001712873 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34272 FILM NUMBER: 22795216 MAIL ADDRESS: STREET 1: C/O BRIDGEPOINT EDUCATION, INC. STREET 2: 8620 SPECTRUM CENTER BLVD. CITY: SAN DIEGO STATE: CA ZIP: 92123 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 2022-03-29 0 0001305323 Zovio Inc ZVO 0001712873 Pernsteiner George P. 1811 E. NORTHROP BLVD. CHANDLER AZ 85286 1 0 0 0 Common Stock 2022-03-29 4 M 0 16410 0.00 A 71709 D Restricted Stock Unit 2022-03-29 4 M 0 16410 0.00 D Common Stock 16410 0 D Restricted Stock Unit 2022-03-29 4 A 0 18890 0.00 A Common Stock 18890 18890 D Restricted Stock Unit 2022-03-29 4 A 0 39435 0.00 A Common Stock 39435 39435 D On March 29, 2022, 16,410 of the reporting person's restricted stock units were settled for an equal number of shares of the issuer's common stock. 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, 100% of the restricted stock units shall vest on March 29, 2022. Subject to the reporting person's continuing service, 100% of the restricted stock units shall vest on March 29, 2023. Subject to the reporting person's continuing service, 100% of the restricted stock units ("RSUs") shall vest on March 29, 2023. If the reporting person ceases to provide service for any reason other than Cause (as defined in the issuer's Amended and Restated 2009 Stock Incentive Plan, as amended) prior to March 29, 2023, then the RSUs vested shall be determined by multiplying the total number of RSUs granted by the Pro-Ration Fraction (rounding down to the nearest whole share). "Pro-Ration Fraction" shall mean a fraction: (a) the numerator of which is the number of days that have elapsed between the January 1, 2022 through the date on which the reporting person ceases to provide service, for any reason other than Cause, and (b) the denominator of which is 365. /s/ Diane L. Thompson, as Attorney-in-Fact 2022-03-31