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LAUREATE EDUCATION, INC. — Director's Dealing 2017
Jul 24, 2017
31075_dirs_2017-07-24_4dd8f6a8-d272-4ad6-8a9b-54a2b7b45e96.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: 2017-07-20
Reporting Person: Darmon Tal (Chief Accounting Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-07-20 | Employee Stock Option (right to buy) | $23.20 | D | 2195 | Disposed | 2023-10-02 | Class B Common Stock (2195) | Direct |
| 2017-07-20 | Employee Stock Option (right to buy) | $17.44 | A | 2195 | Acquired | 2023-10-02 | Class B Common Stock (2195) | Direct |
| 2017-07-20 | Employee Stock Option (right to buy) | $23.20 | D | 2972 | Disposed | 2024-07-10 | Class B Common Stock (2972) | Direct |
| 2017-07-20 | Employee Stock Option (right to buy) | $17.44 | A | 2972 | Acquired | 2024-07-10 | Class B Common Stock (2972) | Direct |
| 2017-07-20 | Employee Stock Option (right to buy) | $23.20 | D | 3247 | Disposed | 2025-03-04 | Class B Common Stock (3247) | Direct |
| 2017-07-20 | Employee Stock Option (right to buy) | $17.44 | A | 3247 | Acquired | 2025-03-04 | Class B Common Stock (3247) | Direct |
| 2017-07-20 | Employee Stock Option (right to buy) | $23.24 | D | 1622 | Disposed | 2026-05-02 | Class B Common Stock (1622) | Direct |
| 2017-07-20 | Employee Stock Option (right to buy) | $17.44 | A | 1622 | Acquired | 2026-05-02 | Class B Common Stock (1622) | Direct |
Footnotes
F1: The transactions reported herein reflect a one-time stock option repricing (the "Option Repricing") that became effective on July 20, 2017. Pursuant to the Option Repricing, the exercise price of each "Relevant Option" (any stock option awarded by Laureate Education, Inc. (the "Company") between October 2, 2013 and December 31, 2016 (inclusive)) has been amended to reduce such exercise price to $17.44, which was the average closing price of a share of the Company's Class A common stock, par value $0.004 per share ("Class A Common Stock") as reported on the Nasdaq Global Select Market over the twenty (20) calendar days preceding July 20, 2017. There have been no other changes to the terms of the Relevant Options.
F2: 1,756 of these options are exerciseable immediately. Subject to the reporting person's continued employment by the Company, 20% of these options will become exercisable on December 31, 2017.
F3: Each share of the Company's Class B common stock, par value $0.004 per share ("Class B Common Stock") is convertible into one share of Class A Common Stock upon the election of the holder or upon transfer, subject to the terms of the Company's Amended and Restated Certificate of Incorporation.
F4: 1,783 of these options are exerciseable immediately. Subject to the reporting person's continued employment by the Company, (A) 20% of these options will become exercisable on December 31, 2017, and (B) 20% of these options will become exercisable on December 31, 2018.
F5: 1,299 of these options are exerciseable immediately. Subject to the reporting person's continued employment by the Company, (A) 20% of these options will become exercisable on December 31, 2017, (B) 20% of these options will become exercisable on December 31, 2018, and (C) 20% of these options will become exercisable on December 31, 2019.
F6: 540 of these options are exerciseable immediately. Subject to the reporting person's continued employment by the Company, (A) one-third (1/3) of these options will become exercisable on December 31, 2017, and (B) one-third (1/3) of these options will become exercisable on December 31, 2018.