PERDOCEO EDUCATION Corp — Director's Dealing 2013

Jun 17, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAREER EDUCATION CORP (CECO)
CIK: 0001046568
Period of Report: 2013-06-13

Reporting Person: HLAVINKA LYSA A (SVP, Strategic Initiatives)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-06-13	Cash Settled RSU	$	A	46277.0	Acquired	2017-06-14	Common Stock (46277)	Direct
2013-06-13	Non-Qualified Stock Option (right to buy)	$2.91	A	28046.0	Acquired	2023-06-13	Common Stock (28046)	Direct

Footnotes

F1: Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.

F2: This grant of cash-settled RSUs was approved by the Compensation Committee of Issuer's Board of Directors pursuant to Issuer's 2008 Incentive Compensation Plan. These cash settled RSUs vest in four equal installments on each of June 14, 2014, 2015, 2016 and 2017.

F3: Exercisable in four equal annual installments on each of June 14, 2014, 2015, 2016 and 2017.