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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 | ||||||||
Series A Special Stock, par value $0.0001 (1) (2) | (3) | 09/03/2013 | J(1)(2) | 1,787,965 | 01/27/2011 | (3) | Common Stock | 1,787,965 | (3) | 0 | D (1) (2) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
KNOWLEDGE UNIVERSE LEARNING GROUP LLC 1250 FOURTH STREET SANTA MONICA, CA 90401 |
See Remarks |
/s/ Stanley E. Maron, By: Stanley E. Maron, Secretary of Knowledge Universe Learning Group LLC | 09/04/2013 | |
**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) | On September 3, 2013, Learning Group LLC distributed 4,665,083 shares of Common Stock and KCDL Holdings LLC ("KCDL") distributed 2,750,000 shares of Series A Special Stock ("Special Stock"), a series of Preferred Stock of K12, Inc. (the "Issuer"), to the partnership that is the sole member of each of Learning Group LLC and KCDL. Such partnership immediately made a pro rata distribution of these shares, together with other assets, to its limited partners, including the Reporting Person, and its general partner, which immediately made a pro rata distribution to its shareholders, including the Reporting Person. As a result of such distributions, the Reporting Person received 3,033,093 shares of Common Stock and 1,787,965 shares of Special Stock. The Reporting Person immediately distributed these shares, along with the 4,374 shares of Common Stock that it held directly, to its sole member. (continued on Footnote (2)) |
(2) | The receipt of such shares of Common Stock and Special Stock by each such recipient was exempt from Section 16 of the Securities Exchange Act of 1934, as amended, pursuant to Rules 16a-9 and 16a-13 promulgated thereunder. On prior Form 4s, pursuant to Form 4 Instruction 4(b)(iv), the Reporting Person reported indirect beneficial ownership of all of the shares of Common Stock previously held by Learning Group LLC and all of the shares of Special Stock previously held by KCDL. |
(3) | The shares of Special Stock are convertible into shares of Common Stock of the Issuer at any time on a one-for-one basis, with no expiration date, subject to certain anti-dilution provisions as set forth in the Certificate of Designations, Preferences and Relative and Other Special Rights, dated as of July 23, 2010 (the "Certificate of Designations"). Upon the satisfaction of certain conditions set forth in the Certificate of Designations, each share of Special Stock will automatically convert into one share of Common Stock. |
Remarks: The Reporting Person may be deemed to be a group with entities that are controlled, directly or indirectly, by Michael R. Milken and/or Lowell J. Milken. The Reporting Person disclaims such group membership. |