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DEF 14C
APOLLO EDUCATION GROUP INC filed this Form DEF 14C on 12/29/2014
Entire Document
 


OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END
The following provides certain summary information concerning outstanding equity awards held by named executive officers as of August 31, 2014.
 
 
Option Awards
 
Stock Awards
Name
 
Number of Securities Underlying Unexercised Options Exercisable
(#)
 
Number of Securities Underlying Unexercised Options Unexercisable(1)
(#)
 
Option Exercise Price
($)
 
Option
Expiration
Date
 
Number of Shares or Units of Stock That Have Not Vested(1)
(#)
 
Market Value of Shares or Units of Stock That Have Not Vested(2)
($)
 
Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested(1)
(#)
 
Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested(2)
($)
Gregory W. Cappelli
 
176,250

 
58,750(3)

 
39.88

 
04/12/2017
 
62,000(4)

 
1,721,740

 
137,997(5)

 
3,832,177

 
 
580

 
192(6)

 
47.47

 
07/05/2017
 
52(7)

 
1,444

 

 

 
 
360,000

 
240,000(8)

 
16.75

 
03/13/2017
 

 

 

 

 
 

 
322,356(9)

 
26.74

 
08/11/2020
 

 

 

 

Brian L. Swartz
 
6,032

 

 
68.75

 
04/03/2015
 
4,846(10)

 
134,573

 
10,734(11)

 
298,083

 
 
22,432

 

 
67.90

 
07/01/2015
 
1,652(12)

 
45,876

 
50,676(13)

 
1,407,273

 
 
37,692

 

 
42.27

 
07/05/2016
 
13,622(14)

 
378,283

 

 

 
 
14,421

 
4,807(15)

 
47.47

 
07/05/2017
 
44,493(16)

 
1,235,571

 

 

 
 
7,664

 
7,664(17)

 
36.34

 
07/01/2018
 

 

 

 

 
 
26,153

 
78,459(18)

 
20.06

 
08/12/2019
 

 

 

 

 
 

 
94,956(19)

 
26.74

 
08/11/2020
 

 

 

 

J. Mitchell Bowling
 

 
31,076(20)

 
25.79

 
12/15/2019
 
20,067(21)

 
557,261

 
38,896(13)

 
1,080,142

 
 

 
64,280(19)

 
26.74

 
08/11/2020
 
62,040(22)

 
1,722,851

 

 

Sean B.W. Martin
 
22,660

 

 
36.58

 
10/14/2016
 
2,256(23)

 
62,649

 
5,781(11)

 
160,538

 
 
24,006

 
8,002(24)

 
36.58

 
10/14/2016
 
3,266(10)

 
90,697

 
37,024(13)

 
1,028,156

 
 
8,328

 
2,776(15)

 
47.47

 
07/05/2017
 
9,494(1)

 
263,648

 
12,345(25)

 
342,821

 
 
3,484

 
3,484(17)

 
36.34

 
07/01/2018
 
35,145(16)

 
975,977

 

 

 
 
18,081

 
54,243(18)

 
20.06

 
08/12/2019
 
19,944(26)

 
553,845

 

 

 
 

 
59,408(19)

 
26.74

 
08/11/2020
 

 

 

 

Peter V. Sperling
 
20,000

 

 
72.82

 
09/24/2014
 
1,406(10)

 
39,045

 
705(11)

 
19,578

 
 
30,000

 

 
67.03

 
11/07/2015
 
9,418(14)

 
261,538

 
21,132(13)

 
586,836

 
 
25,000

 

 
51.33

 
06/23/2016
 
20,190(16)

 
560,676

 

 

 
 
8,000

 

 
58.03

 
07/03/2017
 

 

 

 

 
 
8,000

 

 
76.38

 
10/25/2017
 

 

 

 

 
 
5,916

 

 
67.90

 
07/01/2015
 

 

 

 

 
 
10,170

 

 
67.90

 
07/01/2015
 

 

 

 

 
 
8,180

 

 
42.27

 
07/05/2016
 

 

 

 

 
 
1,854

 
618(15)

 
47.47

 
07/05/2017
 

 

 

 

 
 
5,166

 
15,498(18)

 
20.06

 
08/12/2019
 

 

 

 

 
 

 
18,020(19)

 
26.74

 
08/11/2020
 

 

 

 

Curtis M. Uehlein
 

 
1,948(19)

 
26.74

 
08/11/2020
 
734(27)

 
20,383

 
7,647(28)

 
212,357

 
 

 

 

 
 
19,944(29)

 
553,845

 
12,465(30)

 
346,153

 
 

 

 

 
 
47,872(31)

 
1,329,405

 

 

(1) The unvested portion of each named executive officer’s outstanding stock option, RSU award, and PSU award will fully vest on an accelerated basis upon certain changes in control or ownership of the Company. In such event, the PSUs will be converted into actual shares of our Class A Common Stock at a conversion rate of not less than 100%. Additionally, Mr. Cappelli is entitled to a 12-month service-vesting credit in the event his employment terminates under certain specified circumstances during the service-vesting period in accordance with the terms of his respective employment agreement with the Company. These special service-vesting features are discussed further in the “Agreements Regarding Employment, Change of Control, and Termination of Employment” section below.
(2) Calculated by multiplying the number of unvested shares by $27.77, the closing selling price per share of our Class A Common Stock on August 31, 2014.
(3) These options were awarded on April 13, 2011 and will vest on April 13, 2015 upon the named executive officer’s continued employment with the Company through such vesting date.

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