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PERDOCEO EDUCATION Corp Director's Dealing 2010

May 20, 2010

31526_dirs_2010-05-20_13feddb0-e879-4d5b-b449-d05e0a2b86a4.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAREER EDUCATION CORP (CECO)
CIK: 0001046568
Period of Report: 2010-05-19

Reporting Person: LALLY THOMAS B (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-05-19 Non-Qualified Stock Option (right to buy) $30.67 A 24000 Acquired 2020-05-18 Common Stock (24000) Direct

Footnotes

F1: Immediately exercisable as to 8,000 of the underlying shares of Common Stock and exercisable as to 8,000 of the remaining underlying shares on each of May 19, 2011 and May 19, 2012.