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DEF 14C
APOLLO EDUCATION GROUP INC filed this Form DEF 14C on 12/27/2013
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due to the fact that Dr. Sperling completed only two full fiscal years within the specified service period for this award prior to his retirement and, therefore, was only eligible to vest in two-thirds of any shares of the Company’s Class A Common Stock into which this performance share award was converted.
(30)
As noted in footnote 23, these performance share units were awarded on July 6, 2011 and have both performance-vesting and service-vesting conditions. The amount of shares shown for Dr. Sperling represent one-third of his target amount of shares due to the fact that Dr. Sperling completed only one full fiscal year within the specified service period for this award prior to his retirement and, therefore, will only vest in one-third of any shares of the Company’s Class A Common Stock into which this performance share award is converted.
(31)
These particular options will vest on July 6, 2014. Under the terms of his employment agreement, Mr. D’Amico is entitled to continued vesting of his existing equity awards after the termination of that agreement on the original vesting schedules for each such award. Mr. D’Amico will have until July 5, 2015 to exercise these particular options.
(32)
These particular options will vest in two successive equal annual installments on July 6, 2014 and July 6, 2015, respectively. Under the terms of his employment agreement, Mr. D’Amico is entitled to continued vesting of his existing equity awards after the termination of that agreement on the original vesting schedules for each such award. Mr. D’Amico will have until July 5, 2016 to exercise these particular options.
(33)
These particular options will vest in three successive equal annual installments on July 2, 2014, July 2, 2015, and July 2, 2016, respectively. Under the terms of his employment agreement, Mr. D’Amico is entitled to continued vesting of his existing equity awards after the termination of that agreement on the original vesting schedules for each such award. Mr. D’Amico will have until July 5, 2017 to exercise these particular options.
(34)
These particular restricted stock units will vest and the underlying shares of Class A Common Stock will be issued on July 6, 2014. Under the terms of his employment agreement, Mr. D’Amico is entitled to continued vesting of his existing equity awards after the termination of that agreement on the original vesting schedules for each such award.
(35)
These particular restricted stock units will vest and the underlying shares of Class A Common Stock will be issued in two successive equal annual installments on July 6, 2014 and July 6, 2015, respectively. Under the terms of his employment agreement, Mr. D’Amico is entitled to continued vesting of his existing equity awards after the termination of that agreement on the original vesting schedules for each such award.
(36)
These particular restricted stock units will vest and the underlying shares of Class A Common Stock will be issued in three successive equal annual installments on July 2, 2014, July 2, 2015, and July 2, 2016, respectively. Under the terms of his employment agreement, Mr. D’Amico is entitled to continued vesting of his existing equity awards after the termination of that agreement on the original vesting schedules for each such award.

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