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LAUREATE EDUCATION, INC. — Director's Dealing 2017
Sep 16, 2017
31075_dirs_2017-09-15_ba47b8ce-9a89-4d3b-b35a-03e702a396e0.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: 2017-06-14
Reporting Person: Salnoske Karl D. (Chief Information Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-06-14 | Employee Stock Option (right to buy) | $17.89 | A | 3081 | Acquired | 2027-06-14 | Class A Common Stock (3081) | Direct |
| 2017-06-14 | Employee Stock Option (right to buy) | $17.89 | A | 6024 | Acquired | 2027-06-14 | Class A Common Stock (6024) | Direct |
Footnotes
F1: Subject to the reporting person's continued employment with the Company, these options will become exercisable in three equal annual installments beginning on December 31, 2017.
F2: The options reported herein were previously reported on the Reporting Person's Form 4 filed on 6/16/2017. That Form 4 omitted the options' expiration date which is being added by this amendment.
F3: On June 14, 2017 the reporting person was granted options to purchase 6,024 shares of Class A Common Stock. Subject to the reporting person's continued employment with the Company (A) one-third of the options will become exercisable if the Company achieves the applicable adjusted EBITDA target in accordance with the Company's 2013 Long-Term Incentive Plan and pursuant to the applicable award agreement (the "Adjusted EBITDA Target") with respect to fiscal year 2018, and (B) two-thirds of the options will become exercisable if the Company achieves the Adjusted EBITDA Target with respect to fiscal year 2019.
F4: Includes 3,081 options that become exercisable in equal annual installments beginning on December 31, 2017, as described in footnote 1 above and 6,024 options that become exercisable if the Company achieves the applicable Adjusted EBITDA Target with respect to fiscal year 2018 and fiscal year 2019, as described in footnote 3.