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LAUREATE EDUCATION, INC. — Director's Dealing 2007
Sep 10, 2007
31075_dirs_2007-09-10_a97f46a0-7209-40a0-a7ed-53d6461fe9d6.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LAUREATE EDUCATION, INC. (LAUR)
CIK: 0000912766
Period of Report: 2007-08-17
Reporting Person: HOEHN SARIC RULDOLF CHRISTOPHER (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2007-08-17 | Common Stock | S | 320708 | $60.50 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-08-17 | options (rt to buy) | $24.33 | D | 252000 | Disposed | common stock (252000) | Direct | |
| 2007-08-17 | options (rt to buy) | $28.67 | D | 52328 | Disposed | common stock (52328) | Direct | |
| 2007-08-17 | options (rt to buy) | $31.25 | D | 100000 | Disposed | common stock (100000) | Direct | |
| 2007-08-17 | options (rt to buy) | $3.59 | D | 605683 | Disposed | common stock (605683) | Direct | |
| 2007-08-17 | options (rt to buy) | $29.63 | D | 6500 | Disposed | common stock (6500) | Direct | |
| 2007-08-17 | options (rt to buy) | $44.18 | D | 6500 | Disposed | common stock (6500) | Direct | |
| 2007-08-17 | Options (rt to buy) | $50.61 | D | 6500 | Disposed | Common Stock (6500) | Direct | |
| 2007-08-17 | Options (rt to buy) | $48.78 | D | 6500 | Disposed | Common Stock (6500) | Direct |
Footnotes
F1: Immediately prior to the merger of L Curve Sub Inc. with and into the Issuer on August 17, 2007, Mr. Hoehn-Saric sold his 320,708 shares to Wengen Alberta, Limited Partnership, in exchange for partnership interests in Wengen valued at the product of 320,708 multiplied by $60.50. Wengen was the Parent of L Curve and, upon the effectiveness of the Merger became the sole shareholder of the Issuer.
F2: Upon the effectiveness of the merger of L Curve Sub Inc. with and into the Issuer on August 17, 2007, all outstanding options of the Issuer were cancelled. In connection with the merger, the Issuer adopted a Deferred Compensation Plan for Mr. Hoehn-Saric, the value of which was equal to (A)the total number of options held by Mr. Hoehn-Saric at the time of the merger multiplied by $60.50 minus (B) the aggregate exercise price of all of the options held by Mr Hoehn-Saric at the time of the merger.