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PERDOCEO EDUCATION Corp — Director's Dealing 2019
Aug 14, 2019
31526_dirs_2019-08-14_a8a1a612-c453-4c0a-8d5b-f753d785788d.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: 2019-08-12
Reporting Person: Czeszewski David C. (SVP, CIO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-08-12 | Common Stock | A | 3788 | $0.00 | Acquired | 128409 | Direct |
| 2019-08-12 | Common Stock | A | 2800 | $0.00 | Acquired | 131209 | Direct |
| 2019-08-12 | Common Stock | A | 8842 | $0.00 | Acquired | 140051 | Direct |
| 2019-08-12 | Common Stock | S | 15278 | $21.31 | Disposed | 124773 | Direct |
| 2019-08-13 | Common Stock | S | 2908 | $21.75 | Disposed | 122529 | Direct |
Footnotes
F1: Time-based 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. These units vest in four equal installments on each of September 14, 2020, and March 14, 2021, 2022 and 2023.
F2: Performance-based 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. This amount represents the maximum possible number of shares that could be issued. These units vest on March 14, 2022, subject to the achievement of certain performance criteria.
F3: This transaction was executed in multiple trades at prices ranging from $21.30 to $21.38. 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.
F4: Includes 664 shares acquired under the Career Education Corporation Employee Stock Purchase Plan.
F5: Includes 65,025 restricted stock units granted pursuant to the Career Education Corporation 2008 or 2016 Incentive Compensation Plans, with each unit representing the contingent right to receive one share of Issuer's common stock.