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PERDOCEO EDUCATION Corp — Director's Dealing 2015
Nov 9, 2015
31526_dirs_2015-11-09_d55334cd-c850-43de-89d2-139d16556a85.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: 2015-11-06
Reporting Person: Kline John Robert (SVP)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-11-06 | Common Stock | A | 16240 | $0.00 | Acquired | 16240 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-11-06 | Non-Qualified Stock Option (right to buy) | $4.07 | A | 56648 | Acquired | 2025-11-06 | Common Stock (56648) | Direct |
| 2015-11-06 | Cash-Settled RSU | $ | A | 16240 | Acquired | 2019-12-14 | Common Stock (16240) | Direct |
Footnotes
F1: Restricted stock units granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan, with each unit representing a contingent right to receive one share of Issuer's common stock. The restricted stock units shall vest in four equal installments on each of December 14, 2016, 2017, 2018 and 2019.
F2: Exercisable in four equal annual installments on each of December 14, 2016, 2017, 2018 and 2019.
F3: Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.
F4: This grant of cash-settled RSUs was approved by the Compensation Committee of Issuer's Board of Directors on November 6, 2015 pursuant to the Career Education Corporation 2008 Incentive Compensation Plan. The cash-settled RSUs shall vest in four equal installments on each of December 14, 2016, 2017, 2018 and 2019.