Filing Details
- Accession Number:
- 0001140361-11-021672
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2011-04-11 19:16:54
- Reporting Period:
- 2011-04-11
- Filing Date:
- 2011-04-11
- Accepted Time:
- 2011-04-11 19:16:54
- 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 |
|---|---|---|---|---|---|---|---|
| 1453968 | Charlene Dackerman | 13500 Evening Creek Drive North Suite 600 San Diego CA 92128 | Svp Of Human Resources | 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 | 2011-04-11 | 5,867 | $0.59 | 5,867 | No | 4 | A | Direct | |
| Common Stock | Acquisiton | 2011-04-11 | 1,133 | $0.59 | 7,000 | No | 4 | A | Direct | |
| Common Stock | Disposition | 2011-04-11 | 7,000 | $16.94 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | A | Direct | |
| No | 4 | A | 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 | 2011-04-11 | 5,867 | $0.00 | 5,867 | $0.59 |
| Common Stock | Stock Option (right to buy) | Disposition | 2011-04-11 | 1,133 | $0.00 | 1,133 | $0.59 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 9,916 | 2017-11-27 | No | 4 | A | Direct | |
| 46,089 | 2017-11-27 | No | 4 | A | Direct |
Footnotes
- The sales of shares reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on August 11, 2010.
- Represents the weighted average share price of an aggregate total of 7,000 shares sold in the price range of $16.87 to $17.045 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.
- 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.
- 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).
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