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