PERDOCEO EDUCATION Corp — Director's Dealing 2019

Mar 18, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAREER EDUCATION CORP (CECO)
CIK: 0001046568
Period of Report: 2019-03-14

Reporting Person: Peppers Michele A (Principal Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-14	Common Stock	F	371	$16.32	Disposed	72334	Direct
2019-03-14	Common Stock	F	1178	$16.32	Disposed	71156	Direct
2019-03-14	Common Stock	F	213	$16.32	Disposed	70943	Direct
2019-03-14	Common Stock	F	188	$16.32	Disposed	70755	Direct
2019-03-14	Common Stock	M	1264	—	Acquired	72019	Direct
2019-03-14	Common Stock	D	1264	$16.32	Disposed	70755	Direct
2019-03-14	Common Stock	M	4020	—	Acquired	74775	Direct
2019-03-14	Common Stock	D	4020	$16.32	Disposed	70755	Direct
2019-03-14	Common Stock	F	2462	$16.32	Disposed	68293	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-14	Cash-Settled RSU	$	M	1264	Disposed	2019-03-14	Common Stock (1264)	Direct
2019-03-14	Cash-Settled RSU	$	M	4020	Disposed	2020-03-14	Common Stock (4020)	Direct

Footnotes

F1: 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.

F2: Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.

F3: Includes 36,296 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.

F4: The remaining cash-settled RSUs vest in one installment on March 14, 2020.