Adtalem Global Education Inc. — Director's Dealing 2011

Jul 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DEVRY INC (DV)
CIK: 0000730464
Period of Report: 2011-07-07

Reporting Person: Gunst Richard (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-07	Common Stock	M	1000	$20.97	Acquired	10356	Direct
2011-07-07	Common Stock	S	1000	$62.00	Disposed	9356	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-07	Incentive Stock Option (Right to Buy)	$20.97	M	1000	Disposed	2016-07-24	Common Stock (1000)	Direct

Footnotes

F1: This option vests at 20% per year. This option will be fully vested at the end of the 5th year. This option was issued in two parts- one as an ISO and the other as a non-qualified option due to the ISO limitations.

F2: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 28, 2011.