Filing Details
- Accession Number:
- 0001179110-17-006558
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-05-04 16:13:09
- Reporting Period:
- 2017-05-03
- Filing Date:
- 2017-05-04
- Accepted Time:
- 2017-05-04 16:13:09
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1157408 | K12 Inc | LRN | Services-Educational Services (8200) | 954774688 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1640130 | Joseph Zarella | 2300 Corporate Park Drive Herndon VA 20171 | Evp, Business Operations | 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 | 2017-05-03 | 12,269 | $12.25 | 105,412 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2017-05-03 | 12,269 | $20.54 | 93,143 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2017-05-03 | 1,628 | $20.32 | 91,515 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | F | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2017-05-03 | 12,269 | $0.00 | 12,269 | $12.25 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 47,731 | 2022-11-03 | No | 4 | M | Direct |
Footnotes
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.50 to $20.56, inclusive. The reporting person undertakes to provide to K12 Inc., any security holder of K12 Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- Represents the number of shares withheld by the Company upon the vesting of restricted shares to cover the executive's withholding tax on income associated with the satisfaction of all vesting conditions. The number of shares withheld is based upon the closing price of a share of K12 common stock on the vesting date, or if the vesting date fell on a weekend or market holiday, upon the closing price of a share of K12 common stock on the most recent prior market day.
- Shares vest 25% on the one-year anniversary of the grant date and the remaining 75% vest quarterly for the following three years.
Billionaire Hedge Funds
