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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Options (rt to buy) | $ 13.11 | (2) | 12/13/2009 | Common Stock | 32,500 | 32,500 | D | ||||||||
Options (rt to buy) | $ 12.31 | (2) | 12/13/2009 | Common Stock | 7,500 | 40,000 | D | ||||||||
Options (rt to buy) | $ 46.37 | (3) | 09/20/2012 | Common Stock | 35,000 | 75,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SINGER PAULA R 1001 FLEET STREET BALTIMORE, MD 21202 |
Pres & CEO Online Higher Ed. |
Paula R. Singer | 05/02/2007 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Includes 6,000 shares granted on 4/30/2003 as to which there remains a risk of forfeiture and 15,000 shares granted on 12/13/2005 as to which there remains a risk of forfeiture. |
(2) | All options are vested and exercisable. |
(3) | As of 12/31/2006, 10,937 options were vested and exercisable. An additional 2,187 options will vest and become exercisable each quarter thereafter, with the entire amount becoming vested and exercisable as of 9/30/2009. |
(4) | Reflects total after today's transaction, in which 2,426 shares were withheld to pay taxes when the restrictions on 6,000 shares lapsed on 4-30-2007. |