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LAUREATE EDUCATION, INC. — Director's Dealing 2018
Jan 4, 2018
31075_dirs_2018-01-03_5265230d-393d-44be-8fa6-6bd356920f28.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: 2017-12-31
Reporting Person: ZENTZ ROBERT W (Sr. VP)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-12-31 | Class A Common Stock | C | 934 | — | Acquired | 43010 | Direct |
| 2017-12-31 | Class A Common Stock | M | 2114 | — | Acquired | 45124 | Direct |
| 2017-12-31 | Class A Common Stock | F | 686 | $13.59 | Disposed | 44438 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-12-31 | Restricted Stock Units | $ | M | 1383 | Disposed | Class B Common Stock (1383) | Direct | |
| 2017-12-31 | Class B Common Stock | $ | M | 1383 | Acquired | Class A Common Stock (1383) | Direct | |
| 2017-12-31 | Class B Common Stock | $ | F | 449 | Disposed | Class A Common Stock (449) | Direct | |
| 2017-12-31 | Class B Common Stock | $ | C | 934 | Disposed | Class A Common Stock (934) | Direct | |
| 2017-12-31 | Restricted Stock Units | $ | M | 2114 | Disposed | Class A Common Stock (2114) | 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: Each Restricted Stock Unit ("RSU") represents the right to receive one share of Class B Common Stock.
F5: On May 2, 2016, the Reporting Person was granted 4,152 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 6,342 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.