X0306 4 2014-04-11 0 0001157377 ADVISORY BOARD CO ABCO 0001353721 Kirshbaum Michael T 2445 M STREET, NW WASHINGTON DC 20037 0 1 0 0 Chief Financial Officer Common Stock Options 57.83 2014-04-11 4 A 0 13804 0.00 A 2021-04-11 Common stock 13804 13804 D Restricted Stock Units 2014-04-11 4 A 0 6564 0.00 A Common stock 6564 6564 D The options to purchase the Company's common stock become exercisable in four equal annual installments beginning on April 11, 2015. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Company's common stock. The RSUs vest in four equal installments on May 11, 2015; April 11, 2016; April 11, 2017; and April 11, 2018, unless deferred. Upon vesting, each RSU is settled by the delivery of the underlying shares of common stock or payment of the current cash value of the vested shares, at the discretion of the Company. /s/ Michael T. Kirshbaum by Seth A. Allyn by Power of Attorney 2014-04-15