CLARK ANDREW S. (Chief Executive Officer) exercised options at ZOVIO INC

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

CLARK ANDREW S.

Filed: 4/2/2019ACC: 0001567619-19-008230

InsiderCLARK ANDREW S.CIK 1453872

→

IssuerZOVIO INCCIK 1305323

DirectorOfficer· Chief Executive Officer

Since Aug 2018

+176.13K

Net shares

Net buyer

$167.5K

Total sold

Open market trades

0B · 0S

Total transactions

271.79K acquired · 95.66K disposed

Non-Derivative Transactions2

Common Stock

Direct

M · Option Exercise

+68.24K

Price / share

—

Trade value

—

% of position

35.5%

3/29/2019

192.22K→260.46K

Common Stock

Direct

F · Tax Withholding

−27.42K

Price / share

$6.11

Trade value

$167.52K

% of position

10.5%

3/29/2019

260.46K→233.04K

Total

Net shares

+40.83K

Net value

-$167.52K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	3/29/2019	M · Option Exercise	+68.24K	—	—	35.5%	192.22K	260.46K
Common Stock Direct	3/29/2019	F · Tax Withholding	−27.42K	$6.11	$167.52K	10.5%	260.46K	233.04K
Total			+40.83K		-$167.52K

Derivative Transactions5

Restricted Stock Unit

Direct

A · Award

Converts to

Common Stock

203.55K shares

+203.55K

Strike price

Held after

203.55K

Exercisable

—

3/29/2019

Restricted Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

12.75K shares

−12.75K

Strike price

Held after

0.00

Exercisable

—

3/29/2019

Restricted Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

11.91K shares

−11.91K

Strike price

Held after

11.91K

Exercisable

—

3/29/2019

Restricted Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

12.11K shares

−12.11K

Strike price

Held after

24.22K

Exercisable

—

3/29/2019

Restricted Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

31.46K shares

−31.46K

Strike price

Held after

94.39K

Exercisable

—

3/29/2019

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Unit Direct	Common Stock203.55K shares	3/29/2019	A · Award	+203.55K	—	203.55K
Restricted Stock Unit Direct	Common Stock12.75K shares	3/29/2019	M · Option Exercise	−12.75K	—	0.00
Restricted Stock Unit Direct	Common Stock11.91K shares	3/29/2019	M · Option Exercise	−11.91K	—	11.91K
Restricted Stock Unit Direct	Common Stock12.11K shares	3/29/2019	M · Option Exercise	−12.11K	—	24.22K
Restricted Stock Unit Direct	Common Stock31.46K shares	3/29/2019	M · Option Exercise	−31.46K	—	94.39K

Non-Derivative Holdings (Post-Transaction)1

Common Stock

Indirect

Shares owned513.44K

Total

513.44K indirect513.44K

Security Title	Shares Owned	Ownership Type
Common Stock	513.44K	Indirect
Total	513.44K	513.44K indirect

Derivative Holdings (Post-Transaction)0

No derivative holdings reported