FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Sheng Rodney T.
2. Issuer Name and Ticker or Trading Symbol

Bridgepoint Education Inc [ BPI ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
EVP, Chief Admin. Officer
(Last)          (First)          (Middle)

13500 EVENING CREEK DRIVE NORTH
3. Date of Earliest Transaction (MM/DD/YYYY)

8/20/2015
(Street)

SAN DIEGO, CA 92128
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   8/20/2015     M    28521   A $0.585   36423   D    
Common Stock   8/20/2015     S (1)    18984   D $7.8922   (2) 17439   D    
Common Stock   8/20/2015     S (1)    9537   D $7.8930   (3) 7902   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy)   $0.585   8/20/2015     M         18984      (4) 11/27/2017   Common Stock   18984   $0   0   D    
Stock Option (right to buy)   $0.585   8/20/2015     M         9537      (4) 11/27/2017   Common Stock   9537   $0   0   D    

Explanation of Responses:
( 1)  The sale of shares reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on December 10, 2014.
( 2)  Represents the weighted average share price of an aggregate total of 18,984 shares sold in the price range of $7.8400 to $7.9800 by the reporting person. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
( 3)  Represents the weighted average share price of an aggregate total of 9,537 shares sold in the price range of $7.8400 to $7.9800 by the reporting person. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
( 4)  This option became 100% vested and exercisable on April 14, 2009.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Sheng Rodney T.
13500 EVENING CREEK DRIVE NORTH
SAN DIEGO, CA 92128


EVP, Chief Admin. Officer

Signatures
/s/ Diane L. Thompson, as Attorney-in-Fact 8/24/2015
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
Bridgepoint Education, Inc. (NYSE:BPI)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Bridgepoint Education, Inc. Charts.
Bridgepoint Education, Inc. (NYSE:BPI)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Bridgepoint Education, Inc. Charts.