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LAUREATE EDUCATION, INC. — Director's Dealing 2019
Mar 8, 2019
31075_dirs_2019-03-07_d6aac81a-e1cc-429f-8b0b-cdd128707a2a.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: 2019-03-06
Reporting Person: Cardoso Marcelo (Chief Transformation Officer)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 25394 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy) | $27.04 | 2021-06-01 | Class B Common Stock (29250) | Direct | |
| Employee Stock Option (Right to Buy) | $31.92 | 2022-09-13 | Class B Common Stock (18000) | Direct | |
| Employee Stock Option (Right to Buy) | $17.44 | 2023-10-02 | Class B Common Stock (11650) | Direct | |
| Employee Stock Option (right to buy) | $17.89 | 2027-06-14 | Class A Common Stock (2776) | Direct | |
| Employee Stock Option (right to buy) | $13.97 | 2028-03-07 | Class A Common Stock (9697) | Direct | |
| Performance Share Units | $0 | Class A Common Stock (20000) | Direct |
Footnotes
F1: These options are fully exerciseable.
F2: This option vests in three equal annual installments. The first two annual installments vested on December 31, 2017 and December 31, 2018. Subject to the reporting person's continued employment, the final installment will vest on December 31, 2019.
F3: This option vests in three equal annual installments. The first annual installment vested on December 31, 2018. Subject to the reporting person's continued employment, the final two installments will vest on December 31, 2019, and December 31, 2020.
F4: Subject to the reporting person's continued employment by the Company, Performance Share Units (PSUs) 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.