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
  1. 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.
  2. 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.
  3. Shares vest 25% on the one-year anniversary of the grant date and the remaining 75% vest quarterly for the following three years.