LAUREATE EDUCATION, INC. — Director's Dealing 2018

Jan 4, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LAUREATE EDUCATION, INC. (LAUR)
CIK: 0000912766
Period of Report: 2017-12-31

Reporting Person: Salnoske Karl D. (Chief Information Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-12-31	Class A Common Stock	C	239	—	Acquired	2286	Direct
2017-12-31	Class A Common Stock	M	554	—	Acquired	2840	Direct
2017-12-31	Class A Common Stock	F	184	$13.59	Disposed	2656	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-12-31	Restricted Stock Units	$	M	358	Disposed		Class B Common Stock (358)	Direct
2017-12-31	Class B Common Stock	$	M	358	Acquired		Class A Common Stock (358)	Direct
2017-12-31	Class B Common Stock	$	F	119	Disposed		Class A Common Stock (119)	Direct
2017-12-31	Class B Common Stock	$	C	239	Disposed		Class A Common Stock (239)	Direct
2017-12-31	Restricted Stock Units	$	M	554	Disposed		Class A Common Stock (554)	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: As reported in Footnote 1 of the Reporting Person's Form 4 filed on June 17, 2017, each Restricted Stock Unit represents the right to receive one share of Class A common stock of the Company subject to the Reporting Person's continued employment by the Company.

F3: Shares withheld from Restricted Stock Unit vestings in satisfaction of tax obligations based on closing price of $13.59 on December 28, 2017 of the Company's Class A common stock as traded on the NASDAQ stock exchange.

F4: As reported in Footnote 10 of the Reporting Person's Form 3 filed on January 31, 2017, each Restricted Stock Unit represents the right to receive one share of Class B Common Stock of the Company.

F5: On May 2, 2016, the Reporting Person was granted 1,075 Restricted Stock Units (which vest as Class B shares of common stock) vesting in one-third annual installments on December 31, 2016, December 31, 2017, and December 31, 2018, subject to the Reporting Person's continued employment by the Company.

F6: On June 14, 2017, the Reporting Person was granted 1,662 Restricted Stock Units (which vest as Class A shares of common stock) vesting in one-third annual installments on December 31, 2017, December 31, 2018 and December 31, 2019, subject to the Reporting Person's continued employment by the Company.