PERDOCEO EDUCATION Corp — Director's Dealing 2019

Oct 8, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAREER EDUCATION CORP (CECO)
CIK: 0001046568
Period of Report: 2019-10-07

Reporting Person: LALLY THOMAS B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-10-07	Common Stock	M	16000	$2.82	Acquired	50619	Direct
2019-10-07	Common Stock	S	16000	$15.75	Disposed	34619	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-10-07	Non-Qualified Option (right to buy)	$2.82	M	16000	Disposed	2023-05-13	Common Stock (16000)	Direct

Footnotes

F1: The option exercise and sale reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 12, 2019.

F2: This transaction was executed in multiple trades at prices ranging from $15.61 to $15.85. The price reported in Column 4 reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon written request, to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected.

F3: Includes 14,619 deferred stock units (each a "DSU") granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan with each DSU representing a contingent right to receive one share of common stock upon Reporting Person's termination of service from the Issuer. The DSUs are fully vested.

F4: On May 14, 2013 the Reporting Person was granted 16,000 non-qualified stock options. The option grant vested in four installments on May 14, 2013, 2014, 2015 and 2016.