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LAUREATE EDUCATION, INC. — Director's Dealing 2019
Mar 19, 2019
31075_dirs_2019-03-19_1314aaa1-84f1-4132-93d0-1adb8581d539.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: 2019-03-15
Reporting Person: Darmon Tal (Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-03-15 | Class A Common Stock | C | 1154 | — | Acquired | 11565 | Direct |
| 2019-03-15 | Class A Common Stock | A | 1973 | — | Acquired | 13538 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-03-15 | Performance Share Units | $ | M | 1881 | Disposed | Class B Common Stock (1881) | Direct | |
| 2019-03-15 | Class B Common Stock | $ | F | 727 | Disposed | Class A Common Stock (727) | Direct | |
| 2019-03-15 | Class B Common Stock | $ | C | 1154 | Disposed | Class A Common Stock (1154) | 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 reported at footnote 8 in the reporting person's Form 3 filed on January 31, 2017, vesting of these performance units (and the total amount of performance units to vest) was dependent on the Company's achievement of performance goals from the period from January 1, 2016 through December 31, 2018. Based on the determination of the Company's Compensation Committee of its Board of Directors, a total of 1,881 performance units have vested for this award.
F3: On the trading day immediately prior to March 15, 2019 (the "Vesting Date"), the closing price of one share of the Company's Class A Common Stock traded on the NASDAQ Stock Exchange was $14.97. On the Vesting Date, 727 shares of the Company's Class B Common Stock otherwise issuable upon the vesting of the performance units reported in footnote 2 were forfeited to pay the applicable withholding taxes due in connection with the vesting of those units.