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LAUREATE EDUCATION, INC. — Director's Dealing 2007
Aug 22, 2007
31075_dirs_2007-08-22_77ccad1e-e5b5-4e68-8ca7-796fda79f78b.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: LAUREATE EDUCATION, INC. (LAUR)
CIK: 0000912766
Period of Report: 2007-08-17
Reporting Person: ZENTZ ROBERT W (EVP, General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2007-08-17 | Common Stock | D | 4841 | $62.00 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-08-17 | Options (rt to buy) | $29.00 | D | 45000 | Disposed | Common Stock (45000) | Direct | |
| 2007-08-17 | Options (rt to buy) | $19.43 | D | 25000 | Disposed | Common Stock (25000) | Direct | |
| 2007-08-17 | Options (rt to buy) | $46.37 | D | 30000 | Disposed | Common Stock (30000) | Direct | |
| 2007-08-17 | Options (rt to buy) | $17.54 | D | 4000 | Disposed | Common Stock (4000) | Direct |
Footnotes
F1: Upon the effectiveness of the merger of L Curve Sub Inc. with and into the Issuer on August 17, 2007, all outstanding shares of Issuer owned by Mr. Zentz were cancelled in exchange for his right to receive $62 per share in cash. The original Form 4 filed in connection with this transaction failed to account for the cancellation on July 12, 2007 of 2,659 shares held by Mr. Zentz to pay taxes in connection with the vesting of 7,500 shares of restricted stock upon change of control of the Issuer. A Form 4 was filed for that transaction on August 22, 2007.
F2: Upon the effectiveness of the merger of L Curve Sub Inc. with and into the Issuer on August 17, 2007, all vested and exercisable options to purchase shares of Issuer were cancelled in exchange for the holder's right to receive cash consideration for each option in an amount equal to the difference between $62 and the per option exercise price, which consideration will be paid to the holder on or before August 24, 2007.
F3: Not applicable. Upon the effectiveness of the merger of L Curve Sub Inc. with and into the Issuer on August 17, 2007, all outstanding options of Issuer were cancelled.