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PERDOCEO EDUCATION Corp — Director's Dealing 2015
Aug 13, 2015
31526_dirs_2015-08-13_74598f87-1113-4d7a-9cee-69f33b8e1ebe.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: 2015-08-12
Reporting Person: NELSON TODD S (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-08-12 | Common Stock | A | 59524 | $0.00 | Acquired | 59524 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-08-12 | Non-Qualified Stock Option (right to buy) | $4.15 | A | 250732 | Acquired | 2025-08-12 | Common Stock (250732) | Direct |
| 2015-08-12 | Cash-settled RSU | $ | A | 59524 | Acquired | 2019-09-14 | Common Stock (59524) | Direct |
| 2015-08-12 | Cash-settled RSU | $ | A | 520834 | Acquired | 2017-09-14 | Common Stock (520834) | Direct |
Footnotes
F1: Restricted stock units granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan (the "2008 Plan"), with each restricted stock unit representing the contingent right to receive one share of Issuer's common stock. The restricted stock units shall vest in four equal annual installments on each of September 14, 2016, 2017, 2018 and 2019.
F2: Exercisable in four equal annual installments on each of September 14, 2016, 2017, 2018 and 2019.
F3: Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.
F4: Cash-settled RSUs granted under the 2008 Plan. These cash-settled RSUs vest in four equal annual installments on each of September 14, 2016, 2017, 2018 and 2019.
F5: These cash-settled RSUs vest in two equal annual installments on each of September 14, 2016 and 2017.