Filing Details

Accession Number:
0001140361-17-025209
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-06-15 17:15:59
Reporting Period:
2017-06-14
Filing Date:
2017-06-15
Accepted Time:
2017-06-15 17:15:59
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
1453872 S. Andrew Clark 8620 Spectrum Center Blvd.
San Diego CA 92123
Chief Executive Officer Yes 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 2017-06-14 54,076 $0.59 146,807 No 4 M Direct
Common Stock Disposition 2017-06-14 54,076 $13.86 92,731 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
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 2017-06-14 5,928 $0.00 5,928 $0.59
Common Stock Stock Option (right to buy) Disposition 2017-06-14 10,015 $0.00 10,015 $0.59
Common Stock Stock Option (right to buy) Disposition 2017-06-14 38,133 $0.00 38,133 $0.59
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
11,854 2017-11-27 No 4 M Direct
20,030 2017-11-27 No 4 M Direct
76,266 2017-11-27 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 513,444 Indirect By trust
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.
  2. Represents the weighted average share price of an aggregate total of 54,076 shares sold in the price range of $13.63 to $14.24 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. Shares held indirectly by the reporting person in the name of the Clark Family Trust, dated July 8, 1998, of which the reporting person is a trustee and in which the reporting person has a pecuniary interest.
  4. This option vested and became exercisable as follows: (i) 25% of the option vested on the first anniversary of the vesting commencement date, (ii) an additional 2% of the option vested 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 vested 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.