LAUREATE EDUCATION, INC. — Director's Dealing 2020

May 14, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LAUREATE EDUCATION, INC. (LAUR)
CIK: 0000912766
Period of Report: 2020-05-12

Reporting Person: Snow Ian Kendell (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-12	Class A Common Stock	A	13620	$8.26	Acquired	0	Indirect

Footnotes

F1: Reflects a grant of 3,405 shares of Class A common stock and 10,215 restricted stock units ("RSUs") as part of the 2020 annual retainer for non-employee director service. The RSUs will vest ratably in three installments at the end of each of the remaining calendar quarters of 2020, provided that the Reporting Person continues to serve as a director of Laureate Education, Inc. (the "Issuer").

F2: Represents shares granted to Mr. Snow in his capacity as a director of the Issuer. Snow Phipps Group, LLC, Snow Phipps Group (Offshore), L.P., Snow Phipps Group (B), L.P., Snow Phipps Group, L.P., and Snow Phipps Group (RPV), L.P. beneficially own such shares indirectly as a result of contractual arrangements with Mr. Snow. Mr. Snow disclaims beneficial ownership of the securities to the extent it exceeds his pecuniary interest therein and the inclusion of the securities in this report shall not be deemed to be an admission of beneficial ownership of the reported securities for the purposes of Section 16 of the Exchange Act or otherwise.