<SEC-DOCUMENT>0001261654-20-000085.txt : 20201214
<SEC-HEADER>0001261654-20-000085.hdr.sgml : 20201214
<ACCEPTANCE-DATETIME>20201214184541
ACCESSION NUMBER:		0001261654-20-000085
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20201210
FILED AS OF DATE:		20201214
DATE AS OF CHANGE:		20201214

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Grant Jerome Alan
		CENTRAL INDEX KEY:			0001723537

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31923
		FILM NUMBER:		201387668

	MAIL ADDRESS:	
		STREET 1:		16220 N. SCOTTSDALE RD., SUITE 100
		CITY:			SCOTTSDALE
		STATE:			AZ
		ZIP:			85254

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNIVERSAL TECHNICAL INSTITUTE INC
		CENTRAL INDEX KEY:			0001261654
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EDUCATIONAL SERVICES [8200]
		IRS NUMBER:				860226984
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		4225 EAST WINDROSE DRIVE
		STREET 2:		SUITE 200
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85032
		BUSINESS PHONE:		623-445-9500

	MAIL ADDRESS:	
		STREET 1:		4225 EAST WINDROSE DRIVE
		STREET 2:		SUITE 200
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85032
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
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<DESCRIPTION>FORM 4
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    <footnotes>
        <footnote id="F1">Shares withheld to satisfy tax liability for the vesting of restricted stock units granted on 12/5/2017.</footnote>
        <footnote id="F2">Shares withheld to satisfy tax liability for the vesting of performance units granted on 12/5/2017.</footnote>
        <footnote id="F3">Performance cash is settled solely in cash upon vesting.  Therefore, the amount of securities beneficially owned following the reported transaction did not change.</footnote>
        <footnote id="F4">Each restricted stock unit represents a contingent right to receive one share of UTI Common Stock.</footnote>
        <footnote id="F5">The restricted stock units vest in three equal annual installments beginning on December 10, 2021.</footnote>
        <footnote id="F6">Each performance unit represents a contingent right to receive one share of the UTI Common Stock, 60% of which vest based on revenue for the fiscal year ending September 30, 2023 and 40% of which vest based on income (loss) from operations for the fiscal year ending September 30, 2023, the sum of which will be adjusted by a compound annual total shareholder return (&quot;TSR&quot;) modifier (which modifier may result in the adjustment of the performance units by up to 25% either upward or downward). For purposes of determining the TSR, the change in the price of the UTI Common Stock is based upon the 30-trading day average closing stock price (i) ending on and including the grant date, and (ii) ending on and including the last day of the Performance Period. The amount represents the maximum number of shares that may be delivered pursuant to the award, which is 187.5% of the target number of shares.</footnote>
        <footnote id="F7">Vesting of restricted stock units granted on 12/5/2017.</footnote>
        <footnote id="F8">Each performance unit represents a contingent right to receive one share of the UTI Common Stock, which vests based on the 3-year compound annual total shareholder return (&quot;TSR&quot;).  For purposes of determining the TSR, the change in the price of the UTI Common Stock is based upon the 30-trading day average closing price (i) immediately preceding the grant date at the beginning of the performance period, and (ii) immediately preceding the second anniversary of the grant date at the end of the performance period.  The number of shares delivered is equal to 141% performance achievement   pursuant to the terms of the award.</footnote>
        <footnote id="F9">Represents a contingent right to receive cash, which vests based on the 3-year compound annual TSR.  For purposes of determining the TSR, the change in the price of the UTI Common Stock is based upon the 30-trading day average closing price (i) immediately preceding the grant date at the beginning of the performance period, and (ii) immediately preceding the third anniversary of the grant date at the end of the performance period. The amount delivered is equal to 141% performance achievement pursuant to the terms of the award.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ Jerome Grant, by Brian Udall, as Attorney-in-Fact</signatureName>
        <signatureDate>2020-12-14</signatureDate>
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</SEC-DOCUMENT>
