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Stride, Inc. — Director's Dealing 2010
Oct 1, 2010
30861_dirs_2010-10-01_d27675bd-1ea1-41ba-a2cd-a1e39dc507a5.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: K12 INC (LRN)
CIK: 0001157408
Period of Report: 2010-09-29
Reporting Person: Packard Ronald J (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-09-29 | Common Stock | M | 14400 | $7.65 | Acquired | 53291 | Direct |
| 2010-09-29 | Common Stock | S | 14400 | $28.94 | Disposed | 38891 | Direct |
| 2010-09-30 | Common Stock | M | 10600 | $7.65 | Acquired | 49491 | Direct |
| 2010-09-30 | Common Stock | S | 10600 | $29.03 | Disposed | 38891 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-09-29 | Employee Stock Option (right to buy) | $7.65 | M | 14400 | Disposed | 2012-12-31 | Common Stock (14400) | Direct |
| 2010-09-30 | Employee Stock Option (right to buy) | $7.65 | M | 10600 | Disposed | 2012-12-31 | Common Stock (10600) | Direct |
Footnotes
F1: The sale reported in this transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 16, 2009, as amended.
F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.75 to $29.02, 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 ranges set forth in this footnote.
F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.83 to $29.30, 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 ranges set forth in this footnote.
F4: Vesting of the option is based on performance criteria including the EBITDA contribution per new jurisdiction.