PERDOCEO EDUCATION Corp — Director's Dealing 2020

Sep 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PERDOCEO EDUCATION Corp (PRDO)
CIK: 0001046568
Period of Report: 2020-09-01

Reporting Person: LALLY THOMAS B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-01	Common Stock	M	16000	$6.51	Acquired	58154	Direct
2020-09-01	Common Stock	M	26664	$3.93	Acquired	84818	Direct
2020-09-01	Common Stock	S	42664	$14.55	Disposed	42154	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-01	Non-Qualified Option (right to buy)	$6.51	M	16000	Disposed	2022-05-16	Common Stock (16000)	Direct
2020-09-01	Non-Qualified Option (right to buy)	$3.93	M	26664	Disposed	2025-05-19	Common Stock (26664)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $14.52 to $14.63. 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.

F2: Includes 14,619 vested deferred stock units granted pursuant to Issuer's 2008 Incentive Compensation Plan, with each unit representing the right to receive one share of common stock upon Reporting Person's termination of service from Issuer. Also includes 7,535 restricted stock units granted pursuant to Issuer's 2016 Incentive Compensation Plan, with each unit representing the contingent right to receive one share of Issuer's common stock upon vesting.

F3: On May 17, 2012 the Reporting Person was granted 16,000 non-qualified stock options. The option grant vested in four installments on May 17, 2012, 2013, 2014 and 2015.

F4: On May 19, 2015 the Reporting Person was granted 26,664 non-qualified stock options. The option grant vested on June 14, 2016.