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PERDOCEO EDUCATION Corp — Director's Dealing 2015
Mar 17, 2015
31526_dirs_2015-03-17_675ca1cd-f90f-47e5-a85e-c44340082185.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: 2015-03-14
Reporting Person: Friesen Jason T (SVP)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-03-14 | Common Stock | M | 9964 | — | Acquired | 97157 | Direct |
| 2015-03-14 | Common Stock | D | 9964 | $5.82 | Disposed | 87193 | Direct |
| 2015-03-14 | Common Stock | F | 2140 | $5.82 | Disposed | 85053 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-03-14 | Cash-Settled RSU | $ | M | 9964 | Disposed | 2017-03-14 | Common Stock (9964) | Direct |
Footnotes
F1: Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.
F2: Reflects shares of common stock surrendered to the Company to satisfy tax withholding obligations in connection with the vesting of restricted stock or stock units.
F3: Includes 44,015 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.
F4: The remaining cash-settled RSUs vest in two equal annual installments on each of March 14, 2016 and 2017.