LAUREATE EDUCATION, INC. — Director's Dealing 2018

Jun 19, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LAUREATE EDUCATION, INC. (LAUR)
CIK: 0000912766
Period of Report: 2018-06-17

Reporting Person: SINGER PAULA R (CEO Walden and Online Partners)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-06-17	Class A Common Stock	C	7841	—	Acquired	99176	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-06-17	Restricted Stock Units	$	M	10714	Disposed		Class B Common Stock (10714)	Direct
2018-06-17	Class B Common Stock	$	M	10714	Acquired		Class A Common Stock (10714)	Direct
2018-06-17	Performance Share Units	$	M	4285	Disposed		Class B Common Stock (4285)	Direct
2018-06-17	Class B Common Stock	$	M	4285	Acquired		Class A Common Stock (4285)	Direct
2018-06-17	Class B Common Stock	$	F	7158	Disposed		Class A Common Stock (7158)	Direct
2018-06-17	Class B Common Stock	$	C	7841	Disposed		Class A Common Stock (7841)	Direct

Footnotes

F1: As previously reported at footnote 7 of the reporting person's Form 3, each Restricted Stock Unit ("RSU") represents the right to receive one share of the Class B Common Stock of the Company and was issuable as shares of Class B
Common Stock provided the reporting person remained employed through June 17, 2018.

F2: Each share of the Company's Class B Common Stock is convertible into one share of the Company's 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.

F3: Each Performance Share Unit ("PSU") represents the right to receive one share of Class B Common Stock of the Company.

F4: As previously reported in footnote 6 on the Form 3 filed by the reporting person with the U.S. Securities and Exchange Commission on January 31, 2017, these PSUs were to vest upon the achievement by the Company of the
applicable financial metrics, subject to the reporting person's continued employment with the Company, through June 17, 2018.

F5: On the trading day immediately prior to June 17, 2018, the closing price of one share of the Company's Class A Common Stock traded on the NASDAQ Stock Exchange was $14.63. On June 18, 2018, 7,158 shares of the Company's
Class B Common Stock otherwise issueable upon the vesting of the RSUs and PSUs reported herein were forfeited to pay the applicable withholding taxes due in connection with these vestings.