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LAUREATE EDUCATION, INC. — Director's Dealing 2018
Jan 11, 2018
31075_dirs_2018-01-11_aabe99c5-fbf5-47b8-b4c3-759c79f14655.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: LAUREATE EDUCATION, INC. (LAUR)
CIK: 0000912766
Period of Report: 2018-01-01
Reporting Person: Hurtado Juan Jose (SVP Operations)
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Class B Common Stock | $ | Class A Common Stock (341) | Direct | ||
| Restricted Stock Units | $ | Class B Common Stock (8875) | Direct | ||
| Employee Stock Option (Right to Buy) | $31.20 | 2022-06-07 | Class B Common Stock (42500) | Direct | |
| Employee Stock Option (Right to Buy) | $17.44 | 2023-10-02 | Class B Common Stock (2068) | Direct | |
| Performance Share Units | $ | Class B Common Stock (20000) | Direct |
Footnotes
F1: Each share of Class B Common Stock of Laureate Education, Inc. (the "Company") is convertible into one share of Class A Common Stock of the Company upon the election of the holder or upon transfer, subject to the terms of the Company's Amended and Restated Certificate of Incorporation.
F2: Each Restricted Stock Unit ("RSU") represents the right to receive one share of Class B Common Stock. On the vesting date, the reporting person will be issued a corresponding number of shares of Class B Common Stock. Subject to the reporting person's continued employment, all of these RSUs will vest on June 17, 2018.
F3: These options are fully vested and exercisable immediately.
F4: Subject to the reporting person's continued employment by the Company, Performance Share Units (PSUs) will vest in one-third annual tranches on each of December 31, 2018, December 31, 2019, and December 31, 2020, provided that the average closing price per share of the Company's Class A Common Stock as reported on the NASDAQ Global Select Market over the thirty (30) day period preceding those dates is equal to or greater than (i) $20 for those PSUs vesting on December 31, 2018, (ii) $22.50 for those PSUs vesting on December 31, 2019, and (iii) $25 for those PSUs vesting on December 31, 2020. Should the thirty day trailing average fall short of these targets for either December 31, 2018, December 31, 2019, or both, the PSUs for the year(s) in which the target is missed may vest if the trailing average target is achieved in the succeeding year.