HERBERGER ROY A JR

SEC source: 0001209191-18-020178 · doc4.xml · nonDerivative · entry 1

HERBERGER ROY A JR · CIK 0001027964 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,137

SEC source: 0001209191-18-002172 · doc4.xml · derivative · entry 6

HERBERGER ROY A JR · CIK 0001027964 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 1,509 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each Stock Unit represents a contingent right to receive the economic equivalent of one share of the Company's common stock. The Stock Units will be settled, at the reporting person's election, in shares of common stock or 50% in common stock and 50% in cash.

F1 · price: Each Stock Unit represents a contingent right to receive the economic equivalent of one share of the Company's common stock. The Stock Units will be settled, at the reporting person's election, in shares of common stock or 50% in common stock and 50% in cash.

F3 · derivative.exercise_date: The Stock Units award was granted and effective in May 2016, and vested on January 2, 2018.

F3 · derivative.expiration_date: The Stock Units award was granted and effective in May 2016, and vested on January 2, 2018.

SEC source: 0001209191-18-002172 · doc4.xml · nonDerivative · entry 4

HERBERGER ROY A JR · CIK 0001027964 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,028

F2 · price: Represents shares of common stock received by the individual in settlement of dividend rights granted in connection with the Stock Unit grant.

SEC source: 0001209191-18-002172 · doc4.xml · nonDerivative · entry 3

HERBERGER ROY A JR · CIK 0001027964 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,991

SEC source: 0001209191-18-002172 · doc4.xml · nonDerivative · entry 2

HERBERGER ROY A JR · CIK 0001027964 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,746

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each Stock Unit represents a contingent right to receive the economic equivalent of one share of the Company's common stock. The Stock Units will be settled, at the reporting person's election, in shares of common stock or 50% in common stock and 50% in cash.

SEC source: 0001209191-18-002172 · doc4.xml · nonDerivative · entry 1

HERBERGER ROY A JR · CIK 0001027964 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,991

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each Stock Unit represents a contingent right to receive the economic equivalent of one share of the Company's common stock. The Stock Units will be settled, at the reporting person's election, in shares of common stock or 50% in common stock and 50% in cash.

SEC source: 0001209191-17-066344 · doc4.xml · nonDerivative · entry 2

HERBERGER ROY A JR · CIK 0001027964 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by trust

Disclosed balance after: 5,587

F1 · kind: On December 15, 2017, the reporting person contributed 5,587 shares of PNW common stock to a charitable remainder trust of which the reporting person is a trustee and of which the reporting person and his wife are beneficiaries. The reporting person continues to report beneficial ownership of all of the PNW common stock held by the trust but disclaims beneficial ownership except to the extent of his and his wife's pecuniary interest therein.

F1 · price: On December 15, 2017, the reporting person contributed 5,587 shares of PNW common stock to a charitable remainder trust of which the reporting person is a trustee and of which the reporting person and his wife are beneficiaries. The reporting person continues to report beneficial ownership of all of the PNW common stock held by the trust but disclaims beneficial ownership except to the extent of his and his wife's pecuniary interest therein.

F1 · ownership.nature: On December 15, 2017, the reporting person contributed 5,587 shares of PNW common stock to a charitable remainder trust of which the reporting person is a trustee and of which the reporting person and his wife are beneficiaries. The reporting person continues to report beneficial ownership of all of the PNW common stock held by the trust but disclaims beneficial ownership except to the extent of his and his wife's pecuniary interest therein.

SEC source: 0001209191-17-066344 · doc4.xml · nonDerivative · entry 1

HERBERGER ROY A JR · CIK 0001027964 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,237

F1 · kind: On December 15, 2017, the reporting person contributed 5,587 shares of PNW common stock to a charitable remainder trust of which the reporting person is a trustee and of which the reporting person and his wife are beneficiaries. The reporting person continues to report beneficial ownership of all of the PNW common stock held by the trust but disclaims beneficial ownership except to the extent of his and his wife's pecuniary interest therein.

F1 · price: On December 15, 2017, the reporting person contributed 5,587 shares of PNW common stock to a charitable remainder trust of which the reporting person is a trustee and of which the reporting person and his wife are beneficiaries. The reporting person continues to report beneficial ownership of all of the PNW common stock held by the trust but disclaims beneficial ownership except to the extent of his and his wife's pecuniary interest therein.

SEC source: 0001209191-17-034016 · doc4.xml · derivative · entry 1

HERBERGER ROY A JR · CIK 0001027964 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,311

Underlying: Common Stock · 1,311 shares

Expires not disclosed

F1 · derivative.exercise_price: Each Stock Unit is the economic equivalent of one share of Pinnacle West common stock. The Stock Units vested on May 17, 2017 and, at the reporting person's election, will be settled in shares of common stock or 50% in cash and 50% in common stock. The reporting person elected to defer settlement until the last business day of the month following the month in which the reporting person separates from service from the Company.

F1 · price: Each Stock Unit is the economic equivalent of one share of Pinnacle West common stock. The Stock Units vested on May 17, 2017 and, at the reporting person's election, will be settled in shares of common stock or 50% in cash and 50% in common stock. The reporting person elected to defer settlement until the last business day of the month following the month in which the reporting person separates from service from the Company.

F1 · derivative.exercise_date: Each Stock Unit is the economic equivalent of one share of Pinnacle West common stock. The Stock Units vested on May 17, 2017 and, at the reporting person's election, will be settled in shares of common stock or 50% in cash and 50% in common stock. The reporting person elected to defer settlement until the last business day of the month following the month in which the reporting person separates from service from the Company.

F1 · derivative.expiration_date: Each Stock Unit is the economic equivalent of one share of Pinnacle West common stock. The Stock Units vested on May 17, 2017 and, at the reporting person's election, will be settled in shares of common stock or 50% in cash and 50% in common stock. The reporting person elected to defer settlement until the last business day of the month following the month in which the reporting person separates from service from the Company.

SEC source: 0000929887-17-000032 · wf-form4_148607183773534.xml · derivative · entry 7

HERBERGER ROY A JR · CIK 0001027964 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 2,638 shares

Expires 2018-07-01

F1 · kind: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · shares: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · price: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · derivative.exercise_date: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · derivative.expiration_date: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

SEC source: 0000929887-17-000032 · wf-form4_148607183773534.xml · derivative · entry 6

HERBERGER ROY A JR · CIK 0001027964 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 5,380 shares

Expires 2017-07-05

F1 · kind: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · shares: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · price: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · derivative.exercise_date: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · derivative.expiration_date: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

SEC source: 0000929887-17-000032 · wf-form4_148607183773534.xml · derivative · entry 5

HERBERGER ROY A JR · CIK 0001027964 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 6,000 shares

Expires 2019-07-01

F1 · kind: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · shares: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · price: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · derivative.exercise_date: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · derivative.expiration_date: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

SEC source: 0000929887-17-000032 · wf-form4_148607183773534.xml · derivative · entry 4

HERBERGER ROY A JR · CIK 0001027964 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 6,000 shares

Expires 2018-10-31

F1 · kind: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · shares: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · price: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · derivative.exercise_date: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · derivative.expiration_date: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

SEC source: 0000929887-17-000032 · wf-form4_148607183773534.xml · derivative · entry 3

HERBERGER ROY A JR · CIK 0001027964 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 8,000 shares

Expires 2017-10-25

F1 · kind: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · shares: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · price: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · derivative.exercise_date: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · derivative.expiration_date: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

SEC source: 0000929887-17-000032 · wf-form4_148607183773534.xml · derivative · entry 2

HERBERGER ROY A JR · CIK 0001027964 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 1,500 shares

Expires 2017-07-03

F1 · kind: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · shares: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · price: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · derivative.exercise_date: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · derivative.expiration_date: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

SEC source: 0000929887-17-000032 · wf-form4_148607183773534.xml · nonDerivative · entry 1

HERBERGER ROY A JR · CIK 0001027964 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · kind: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · shares: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · price: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.

F1 · acquired: Pursuant to the Agreement and Plan of Merger, dated as of February 7, 2016, as amended, among Apollo Education Group, Inc., AP VIII Queso Holdings, L.P., and Socrates Merger Sub, Inc., outstanding shares of the Issuer's Class A common stock were converted into a right to receive a cash payment of $10.00 per share (the "Merger Consideration"). Upon consummation of the merger and in accordance with their terms, stock options were cancelled for no consideration or payment because their exercise prices exceeded the Merger Consideration.