LAUREATE EDUCATION, INC. — Director's Dealing 2007

May 11, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LAUREATE EDUCATION, INC. (LAUR)
CIK: 0000912766
Period of Report: 2007-05-11

Reporting Person: DENNIS WILLIAM C (President, Latin America Ops)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-11	Common Stock	S	11545	$59.60	Disposed	23000	Direct
2007-05-11	Common Stock	S	500	$59.61	Disposed	22500	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options (rt to buy)	$17.54	2013-04-30	Common Stock (20000)	55000	Direct
Options (rt to buy)	$5.95	2011-10-01	Common Stock (1)	55001	Direct
Option (rt to buy)	$46.37	2012-09-20	Common Stock (100000)	155001	Direct
Option (rt to buy)	$46.37	2012-09-20	Common Stock (25000)	180001	Direct

Footnotes

F1: Includes 22,500 performance-based restricted shares of common stock, which were granted on 12/13/2005. As to these shares, risk of forfeiture will lapse as to 7,500 shares on each of 3/31/2008, 3/31/2009 and 3/31/2010, assuming, as of the applicable lapse date for each 7,500 share tranche, certain performance levels have been achieved.

F2: All options are currently exercisable.

F3: 25,000 options are currently vested and exercisable. An additional 25,000 options vest on each of 9/20/2007, 9/20/2008 and 9/20/2009.

F4: 12,500 options are vested and exerciseable. The remaining 12,500 options vest on 9/20/2007.