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LAUREATE EDUCATION, INC. — Director's Dealing 2022
Mar 15, 2022
31075_dirs_2022-03-15_7759fee7-e87c-45d6-99c7-ddb0db8f52c0.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: 2022-03-11
Reporting Person: Cardoso Marcelo (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-03-11 | Common Stock | M | 8322 | $9.85 | Acquired | 127889 | Direct |
| 2022-03-11 | Common Stock | M | 3328 | $9.85 | Acquired | 131227 | Direct |
| 2022-03-11 | Common Stock | M | 2776 | $10.30 | Acquired | 134003 | Direct |
| 2022-03-11 | Common Stock | M | 9697 | $6.38 | Acquired | 143700 | Direct |
| 2022-03-11 | Common Stock | M | 13656 | $7.31 | Acquired | 157356 | Direct |
| 2022-03-11 | Common Stock | S | 37779 | $12.257 | Disposed | 119577 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-03-11 | Employee Stock Option (right to buy) | $9.85 | M | 8322 | Acquired | 2023-10-02 | Common Stock (8322) | Direct |
| 2022-03-11 | Employee Stock Option (Right to Buy) | $9.85 | M | 3328 | Acquired | 2023-10-02 | Common Stock (3328) | Direct |
| 2022-03-11 | Employee Stock Option (right to buy) | $10.30 | M | 2776 | Acquired | 2027-06-14 | Common Stock (2276) | Direct |
| 2022-03-11 | Employee Stock Option (right to buy) | $6.38 | M | 9697 | Acquired | 2028-03-07 | Common Stock (9697) | Direct |
| 2022-03-11 | Employee Stock Option (right to buy) | $7.31 | M | 13656 | Acquired | 2019-03-06 | Common Stock (13656) | Direct |
Footnotes
F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.22 to $12.291, inclusive. The reporting person undertakes to provide to Laureate Education, Inc., any security holder of Laureate Education, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F2: In connection with special cash distributions declared on September 15, 2021 and December 3, 2021, the Board approved certain required adjustments under the Company's equity award compensation plans, pursuant to which the exercise price of the Company's outstanding stock options were reduced by $7.01 and $0.58 per share, respectively.
F3: The option vested in installments of 13% of options granted on each of December 31, 2013, 2014, 2015 and 2016 and 48% of options granted on December 31, 2017.
F4: The option vested in substantially equal installments on December 31, 2017, 2018 and 2019.
F5: The option vested in substantially equal installments on December 31, 2018, 2019 and 2020.
F6: The option vested in equal installments on December 31, 2019, 2020 and 2021.