Sherrell Smith - 15 Dec 2021 Form 4 Insider Report for UNIVERSAL TECHNICAL INSTITUTE INC (UTI)

Role
EVP, Campus Ops & Services
Signature
/s/ Christopher Kevane, attorney-in-fact for Sherrell Smith
Issuer symbol
UTI
Transactions as of
15 Dec 2021
Net transactions value
-$27,969
Form type
4
Filing time
17 Dec 2021, 16:44:59 UTC
Previous filing
10 Dec 2021
Next filing
11 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UTI Common Stock, $0.0001 par value Options Exercise $0 +7,852 +4.7% $0.000000 173,816 15 Dec 2021 Direct F1, F2
transaction UTI Common Stock, $0.0001 par value Tax liability $27,969 -3,436 -2% $8.14 170,380 15 Dec 2021 Direct F3
holding UTI Common Stock, $0.0001 par value 25,525 15 Dec 2021 Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UTI Restricted Stock Units Options Exercise $0 -7,852 -33% $0.000000 15,704 15 Dec 2021 Common Stock, $0.0001 par value 7,852 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Common Stock received from vesting of restricted stock units granted on 12/10/2020.
F2 Each restricted stock unit represents a contingent right to receive one share of UTI Common Stock.
F3 Shares withheld to satisfy tax liability for the vesting of restricted stock units granted on 12/10/2020.
F4 The restricted stock units vest in three equal annual installments beginning on 12/10/2021.