PERDOCEO EDUCATION Corp — Director's Dealing 2020

Dec 8, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PERDOCEO EDUCATION Corp (PRDO)
CIK: 0001046568
Period of Report: 2020-12-04

Reporting Person: NELSON TODD S (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-04	Common Stock	M	62683	$4.15	Acquired	1005442	Direct
2020-12-04	Common Stock	S	39850	$12.23	Disposed	965592	Direct
2020-12-07	Common Stock	M	91887	$8.30	Acquired	1057479	Direct
2020-12-07	Common Stock	S	76150	$12.10	Disposed	981329	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-04	Non-Qualified Option (right to buy)	$4.15	M	62683	Disposed	2025-08-12	Common Stock (62683)	Direct
2020-12-07	Non-Qualified Option (right to buy)	$8.30	M	91887	Disposed	2027-03-06	Common Stock (91887)	Direct

Footnotes

F1: The option exercise and sale reported on the Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 21, 2020.

F2: This transaction was executed in multiple trades at prices ranging from $11.90 to $12.34. 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: This transaction was executed in multiple trades at prices ranging from $11.96 to $12.41. 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 556,244 restricted stock units granted pursuant to the Issuer's 2008 or 2016 Incentive Compensation Plans, with each unit representing the contingent right to receive one share of Issuer's common stock.

F5: On August 12, 2015 the Reporting Person was granted 250,732 non-qualified stock options. The option grant vested in four installments on September 14, 2016, 2017, 2018 and 2019.

F6: On March 6, 2017 the Reporting Person was granted 122,516 non-qualified stock options. The option grant vests in four installments on March 14, 2018, 2019, 2020 and 2021.