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PERDOCEO EDUCATION Corp — Director's Dealing 2016
May 25, 2016
31526_dirs_2016-05-25_e6e8d933-3b38-47e3-8e54-e30f97923733.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: 2016-05-24
Reporting Person: Cederoth Andrew J (SVP and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-05-24 | Common Stock | A | 10176 | $0.00 | Acquired | 10176 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-05-24 | Non-Qualified Stock Option (right to buy) | $5.96 | A | 57176 | Acquired | 2026-05-24 | Common Stock (57176) | Direct |
| 2016-05-24 | Cash-Settled RSU | $ | A | 10176 | Acquired | 2020-06-14 | Common Stock (10176) | Direct |
Footnotes
F1: Restricted stock units granted pursuant to the Career Education Corporation 2016 Incentive Compensation Plan, with each unit representing the contingent right to receive one share of Issuer's common stock. The units shall vest in four equal installments on each of June 14, 2017, 2018, 2019 and 2020.
F2: Exercisable in four equal installments on each of June 14, 2017, 2018, 2019 and 2020.
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 May 24, 2016 pursuant to the Career Education Corporation 2016 Incentive Compensation Plan. The cash-settled RSUs shall vest in four equal installments on each of June 14, 2017, 2018, 2019 and 2020.