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LAUREATE EDUCATION, INC. — Director's Dealing 2018
Apr 4, 2018
31075_dirs_2018-04-03_db0a7ab2-149e-4143-9712-58959a39ea12.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: 2018-03-30
Reporting Person: Loureiro Jose Roberto (Chief Executive Officer Brazil)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-03-30 | Class A Common Stock | A | 4282 | — | Acquired | 13309 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-03-30 | Employee Stock Option (Right to Buy) | $17.44 | A | 4400 | Acquired | 2023-10-02 | Class B Common Stock (4400) | Direct |
Footnotes
F1: Represents the sum of 803 and 3,479 Class A Shares of Laureate Education, Inc. The 803 Class A Shares vested pursuant to a Performance Share Units Notice Dated June 14, 2017, the terms of which provide that the 2,409 PSUs granted thereunder shall vest in one-third installments upon satisfaction of the performance goals set forth therein with respect to the applicable fiscal year. The PSUs granted under the June 2017 award are issuable as Class A Common Stock of the Company on a one-for-one basis.
The 3,479 Class A shares represent 3,479 Performance Share Units originally awarded pursuant to a Performance Share Units Notice dated October 2, 2013, the terms of which provide that 3,479 PSUs granted thereunder shall vest upon satisfaction sof the performance goals set forth therein for fiscal year 2017. Upon their vesting, the PSU granted pursuant to the October 2013 aware were originally issueable as shares of Class B Common Stock of the Company. The reporting person has previously provided a standing instruction to convert these 3,479 Class B Shares to Class A Shares upon their issuance. Shares of Class B Common Stock of the Company are convertible to shares of Class A Common Stock upon the written election of the shareholder and otherwise in accordance with the Company's charter.
F2: These options are fully vested and exercisable immediately.