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DEF 14C
APOLLO EDUCATION GROUP INC filed this Form DEF 14C on 12/27/2013
Entire Document
 


GRANTS OF PLAN-BASED AWARDS
The following table provides certain summary information concerning each grant of an award made to a named executive officer in the 2013 fiscal year under a compensation plan.
Name
 
Grant Date
 
Date of Pre-Authorization
(1)
 
Potential Payouts Under Non-Equity Incentive Plan Awards
(2)
 
Estimated Future Payouts Under Equity Incentive Plan Awards
 
All Other
Option Awards:
Number of Securities
Underlying
Options
(#)
 
Exercise
or Base
Price of Option Awards
($/Sh)
 
Grant-Date Fair Value of Equity Awards
($)(3)
Threshold
($)
 
Target
($)
 
Maximum
($)
Threshold
(#)
 
Target
(#)
 
Maximum
(#)
Gregory W. Cappelli
 
11/20/12
 
10/19/12
 
375,000
 
750,000
 
1,500,000
 
 
 
 
 
 
 
 
3/29/12
 
 
 
 
 
 
(4)
 
(4)
 
 
 
(4)
 
 
3/14/13
 
11/2/12
 
 
 
 
 
 
 
600,000(5)
 
16.75
 
2,891,400
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Brian L. Swartz
 
11/20/12
 
10/19/12
 
168,750
 
337,500
 
675,000
 
 
 
 
 
 
 
 
8/13/13
 
8/5/13
 
 
 
 
 
59,324(6)
 
 
 
 
1,190,039
 
 
8/13/13
 
8/5/13
 
 
 
 
 
 
 
104,612(8)
 
20.06
 
808,682
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Sean B.W. Martin
 
11/20/12
 
10/19/12
 
168,750
 
337,500
 
675,000
 
 
 
 
 
 
 
 
8/13/13
 
8/5/13
 
 
 
 
 
46,860(6)
 
 
 
 
940,011
 
 
8/13/13
 
8/5/13
 
 
 
 
 
24,930(7)
 
 
 
 
500,096
 
 
8/13/13
 
8/5/13
 
 
 
 
 
 
 
72,324(8)
 
20.06
 
559,086
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Peter V. Sperling
 
11/20/12
 
10/19/12
 
249,726
 
499,452
 
998,904
 
 
 
 
 
 
 
 
5/1/13
 
1/8/13
 
 
 
 
 
10,512(9)
 
 
 
 
186,062
 
 
8/13/13
 
8/5/13
 
 
 
 
 
26,920(6)
 
 
 
 
540,016
 
 
8/13/13
 
8/5/13
 
 
 
 
 
 
 
20,664(8)
 
20.06
 
159,739
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Terri C. Bishop
 
11/20/12
 
10/19/12
 
188,692
 
377,384
 
754,767
 
 
 
 
 
 
 
 
5/1/13
 
1/8/13
 
 
 
 
 
3,108(9)
 
 
 
 
55,012
 
 
8/13/13
 
8/5/13
 
 
 
 
 
25,676(6)
 
 
 
 
515,060
 
 
8/13/13
 
8/5/13
 
 
 
 
 
 
 
17,436(8)
 
20.06
 
134,786
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dr. John G. Sperling
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Joseph L. D’Amico
 
11/20/12
 
10/19/12
 
262,500
 
525,000
 
1,050,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
The Compensation Committee pre-authorized the basic structure for non-equity incentive awards on October 19, 2012, and established the threshold, target, and maximum levels of attainment for the related performance goals on November 20, 2012. The Compensation Committee pre-authorized equity awards on August 5, 2013 to become effective at the close of business on August 13, 2013. The March 14, 2013 equity award made to Mr. Cappelli was pre-authorized by the Compensation Committee on November 2, 2012, and the March 14, 2013 grant date of the award was authorized by the Compensation Committee on December 12, 2012. The May 1, 2013 equity awards made to Mr. Sperling and Ms. Bishop were pre-authorized by the Compensation Committee on January 8, 2013, and the May 1, 2013 grant date of the awards were authorized by the Compensation Committee on January 28, 2013.
(2)
Reflects potential cash payouts under the Company’s Executive Officer Performance Incentive Plan for the 2013 fiscal year. 50% of the potential payout was tied to the attainment of a designated level of operating income for the 2013 fiscal year, 30% was tied to the attainment of a designated level of net revenue for the 2013 fiscal year, and the remaining 20% was tied to the

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