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PERDOCEO EDUCATION Corp — Director's Dealing 2015
Mar 11, 2015
31526_dirs_2015-03-10_1baf6e0b-30fa-405a-978a-f2612285d156.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: 2015-03-06
Reporting Person: SIMPSON REID E (SVP, CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-03-06 | Common Stock | A | 9256.0 | $0.0 | Acquired | 73868 | Direct |
| 2015-03-06 | Common Stock | A | 23308.0 | $0.0 | Acquired | 97176 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-03-06 | Cash Settled RSU | $ | A | 9256.0 | Acquired | 2019-03-14 | Common Stock (9256) | Direct |
| 2015-03-06 | Non-Qualified Stock Option (right to buy) | $5.9 | A | 17697.0 | Acquired | 2025-03-06 | Common Stock (17697) | Direct |
| 2015-03-06 | Non-Qualified Stock Option (right to buy) | $5.9 | A | 49188.0 | Acquired | 2025-03-06 | Common Stock (49188) | Direct |
Footnotes
F1: Restricted stock units granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan, with each restricted stock unit representing a contingent right to receive one share of common stock. The restricted stock units shall vest in four equal installments on each of March 14, 2016, 2017, 2018 and 2019.
F2: Restricted stock units granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan, with each restricted stock unit representing a contingent right to receive one share of common stock. The restricted stock units shall vest in three equal installments on each of March 14, 2016, 2017 and 2018.
F3: Includes 87,176 restricted stock units granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan, with each restricted stock unit representing a contingent right to receive one share of the Issuer's common stock.
F4: Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.
F5: This grant of cash-settled RSUs was approved by the Compensation Committee of Issuer's Board of Directors on March 6, 2015 pursuant to Issuer's 2008 Incentive Compensation Plan. These cash-settled RSUs vest in four equal installments on March 14, 2016, 2017, 2018 and 2019.
F6: Exercisable in three equal installments on each of March 14, 2016, 2017 and 2018.
F7: Exercisable in four equal installments on each of March 14, 2016, 2017, 2018 and 2019.