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SEC Filings

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


(2)
Represents the grant-date fair value of each restricted stock unit award made to the non-employee Board member during the 2013 fiscal year. The grant-date fair value of each such award was determined in accordance with ASC 718, and accordingly calculated by multiplying the number of shares of the Class A Common Stock underlying the restricted stock unit award by the closing price per share of such common stock on the award date, without any adjustment to estimated forfeitures related to service-based vesting conditions. The table below shows for each non-employee Board member (i) the award date of his or her restricted stock units during the 2013 fiscal year, (ii) the ASC 718 grant-date fair value of each such award and (iii) the aggregate number of shares of the Company’s Class A Common Stock underlying the outstanding restricted stock unit awards held by that individual as of August 31, 2013. See “Director Equity Compensation” below for a description of the terms of the restricted stock units awarded to our non-employee Board members during fiscal year 2013.
Name
 
Award Date
 
ASC 718
Grant-Date Fair
Value
($)
 
Number of Shares of
Class A Common Stock
Subject to All Outstanding
Restricted Stock Units Held as of August 31, 2013
(#)
Matthew Carter, Jr.
 
December 13, 2012
 
133,343
 
Matthew Carter, Jr.
 
August 13, 2013
 
210,008
 
10,469
Richard H. Dozer
 
August 13, 2013
 
210,008
 
10,469
Dr. Roy A. Herberger, Jr.
 
August 13, 2013
 
210,008
 
10,469
Dr. Ann Kirschner
 
August 13, 2013
 
210,008
 
10,469
Robert S. Murley
 
August 13, 2013
 
210,008
 
10,469
Manuel F. Rivelo
 
August 13, 2013
 
210,008
 
10,469
Darby E. Shupp
 
August 13, 2013
 
210,008
 
10,469
Allen R. Weiss
 
August 13, 2013
 
210,008
 
10,469
(3)
Represents the grant-date fair value of each stock option grant made to the non-employee Board member during the 2013 fiscal year, calculated in accordance with ASC 718, and does not take into account any estimated forfeitures related to service-based vesting conditions. Assumptions used in the calculation of the ASC 718 grant-date fair value of each option grant are set forth in Notes 2 and 16 to the Company’s consolidated financial statements for the fiscal year ended August 31, 2013 included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on October 22, 2013. The following table shows for each named individual (i) the grant date of each option granted to him or her during the 2013 fiscal year, (ii) the grant-date fair value of such option, as calculated in accordance with ASC 718, and (iii) the aggregate number of shares of the Company’s Class A Common Stock subject to all outstanding options held by that individual as of August 31, 2013. See “Director Equity Compensation” below for a description of the number and terms of the options granted to our non-employee Board members during fiscal year 2013.
Name
 
Option Grant Date
 
ASC 718
Grant-Date Fair
Value
($)
 
Number of Shares of
Class A Common Stock
Subject to All Outstanding
Options Held as of
August 31, 2013
(#)
Matthew Carter, Jr.
 
December 13, 2012
 
19,999
 
2,847
Richard H. Dozer
 
 
 
6,122
Dr. Roy A. Herberger, Jr.
 
 
 
38,519
Dr. Ann Kirschner
 
 
 
35,519
Robert S. Murley
 
 
 
8,018
Manuel F. Rivelo
 
 
 
25,519
Darby E. Shupp
 
 
 
12,242
Allen R. Weiss
 
 
 
5,425
(4)
Ms. Shupp is provided office space and related services by the Company in connection with her services as an executive employee of one of Dr. Sperling’s companies. The Company does not believe that any incremental costs have been incurred in connection with those items and accordingly, no compensation has been attributed to Ms. Shupp for those items.

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