Thomas Beckett - 25 Feb 2022 Form 4/A - Amendment Insider Report for AMERICAN PUBLIC EDUCATION INC (APEI)

Role
SVP, General Counsel
Signature
/s/ Richard W. Sunderland, Jr., Attorney-in-Fact
Issuer symbol
APEI
Transactions as of
25 Feb 2022
Net transactions value
-$8,228
Form type
4/A - Amendment
Filing time
28 Mar 2022, 18:47:50 UTC
Date Of Original Report
01 Mar 2022
Previous filing
24 Feb 2022
Next filing
01 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APEI Common Stock, par value $.01 Award $0 +4,094 +15% $0.000000 31,177 25 Feb 2022 Direct F1, F2
transaction APEI Common Stock, par value $.01 Tax liability $8,228 -416 -1.3% $19.78 30,761 25 Feb 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance-based restricted stock unit ("PSU") award pursuant to the American Public Education, Inc. 2017 Omnibus Incentive Plan. Award reflects a level of achievement of adjusted EBITDA and revenue performance measures for the issuer's fiscal year ended December 31, 2021. Award vests in three approximately equal installments on February 25, 2022, January 22, 2023, and January 22, 2024.
F2 This amendment is being filed to reflect the correction of an administrative error related to the number of shares awarded as reported on the original Form 4.
F3 The issuer withheld shares of Common Stock from the reporting person to pay the tax withholding obligations related to the vesting of the PSUs.