LAUREATE EDUCATION, INC. — Director's Dealing 2018

May 16, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LAUREATE EDUCATION, INC. (LAUR)
CIK: 0000912766
Period of Report: 2018-05-14

Reporting Person: Serck-Hanssen Eilif (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-14	Class A Common Stock	C	10611	—	Acquired	83015	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-14	Class B Common Stock	$0	M	20380	Acquired		Class A Common Stock (20380)	Direct
2018-05-14	Restricted Stock Units	$	M	20380	Disposed		Class B Common Stock (20380)	Direct
2018-05-14	Class B Common Stock	$0	F	9769	Disposed		Class A Common Stock (9769)	Direct
2018-05-14	Class B Common Stock	$0	C	10611	Disposed		Class A Common Stock (10611)	Direct

Footnotes

F1: Each share of Class B common stock ("Class B Common Stock") of Laureate Education, Inc. (the "Company") is convertible into one share of Class A common stock of the Company ("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.

F2: As previously reported in footnote 7 on the Form 3 filed by the reporting person with the U.S. Securities and Exchange Commission on January 31, 2017, 20,380 Restricted Stock Units ("RSUs") became vested on May 14, 2018 (the "Vesting Date").

F3: Each RSU represents the right to receive one share of Class B Common Stock.

F4: On the trading day immediately prior to the Vesting Date, the closing price of one share of Class A Common Stock traded on the NASDAQ Global Select Market was $14.57. On May 14, 2018, 9,769 shares of the Class B Common Stock otherwise issuable upon the vesting of the RSUs were forfeited to pay the applicable withholding taxes due in connection with the vesting of the 20,380 RSUs.