This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
These shares were sold in multiple transactions at prices ranging from $61.00 to $61.53. The price reported in Column 4 reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price within the range at which the transaction was effected.
The option represents a right to purchase a total of 24,000 shares of the Company's common stock, of which 9,000 options vested on April 17, 2012; and 15,000 options vested on April 17, 2013.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
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Other recent filings from the company include the following:
The Advisory Board Company director just cashed-in 10,998 options - March 7, 2014
The Advisory Board Company director just disposed of 2,500 shares - March 7, 2014
The Advisory Board Company's President just cashed-in 4,272 options - March 7, 2014
The Advisory Board Company's Executive Vice President just disposed of 3,500 shares - March 5, 2014