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PERDOCEO EDUCATION Corp — Director's Dealing 2015
Jun 16, 2015
31526_dirs_2015-06-16_e769b3d0-03f5-480d-967c-b03a36c1dd54.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: 2014-06-14
Reporting Person: Clemens Lysa A (SVP)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-06-14 | Common Stock | M | 11569 | — | Acquired | 42622 | Direct |
| 2014-06-14 | Common Stock | D | 11569 | $4.83 | Disposed | 31053 | Direct |
| 2015-06-14 | Common Stock | M | 11569 | — | Acquired | 42622 | Direct |
| 2015-06-14 | Common Stock | D | 11569 | $4.01 | Disposed | 31053 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-06-14 | Cash-Settled RSU | $ | M | 11569 | Disposed | 2017-06-14 | Common Stock (11569) | Direct |
| 2015-06-14 | Cash-Settled RSU | $ | M | 11569 | Disposed | 2017-06-14 | Common Stock (11569) | Direct |
Footnotes
F1: Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.
F2: Included 24,626 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.
F3: The remaining Cash-Settled RSUs vest in three annual installments on June 14, 2015, 2016 and 2017.
F4: The remaining Cash-Settled RSUs vest in two annual installments: 11,569 units on June 14, 2016 and 11,570 units on June 14, 2017.