Filing Details

Accession Number:
0001140361-15-012697
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-03-19 17:48:10
Reporting Period:
2015-03-17
Filing Date:
2015-03-19
Accepted Time:
2015-03-19 17:48:10
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1305323 Bridgepoint Education Inc BPI Services-Educational Services (8200) 593551629
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1453870 Ross Woodard 13500 Evening Creek Drive North
San Diego CA 92128
Evp, Chief Marketing Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2015-03-17 16,744 $0.59 17,393 No 4 M Direct
Common Stock Acquisiton 2015-03-17 6,206 $0.32 23,599 No 4 M Direct
Common Stock Disposition 2015-03-17 22,953 $9.28 646 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (right to buy) Disposition 2015-03-17 6,501 $0.00 6,501 $0.59
Common Stock Stock Option (right to buy) Disposition 2015-03-17 5,906 $0.00 5,906 $0.59
Common Stock Stock Option (right to buy) Disposition 2015-03-17 6,206 $0.00 6,206 $0.32
Common Stock Stock Option (right to buy) Disposition 2015-03-17 4,337 $0.00 4,337 $0.59
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2017-11-27 No 4 M Direct
0 2017-11-27 No 4 M Direct
0 2016-02-15 No 4 M Direct
0 2017-11-27 No 4 M Direct
Footnotes
  1. 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 November 19, 2014.
  2. Represents the weighted average share price of an aggregate total of 22,953 shares sold in the price range of $9.15 to $9.41 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.
  3. 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.
  4. 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.
  5. This option became 100% vested and exercisable on April 14, 2009.