4//SEC Filing
CAREER EDUCATION CORP 4
Accession 0000899243-16-035238
$PRDOCIK 0001046568operating
Filed
Dec 8, 7:00 PM ET
Accepted
Dec 9, 4:37 PM ET
Size
16.3 KB
Accession
0000899243-16-035238
Insider Transaction Report
Form 4
Wang Richard D
Director
Transactions
- Sale
Common Stock
2016-12-07$10.23/sh−45,879$469,149→ 1,424,925 total(indirect: See Footnote) - Sale
Common Stock
2016-12-08$10.23/sh−70,944$725,778→ 1,353,981 total(indirect: See Footnote) - Sale
Common Stock
2016-12-08$10.23/sh−9,056$92,646→ 564,283 total(indirect: See Footnote) - Sale
Common Stock
2016-12-09$10.21/sh−60,533$617,981→ 1,293,448 total(indirect: See Footnote) - Sale
Common Stock
2016-12-09$10.21/sh−7,731$78,926→ 556,552 total(indirect: See Footnote) - Sale
Common Stock
2016-12-07$10.23/sh−5,857$59,893→ 573,339 total(indirect: See Footnote)
Holdings
- 2,928
Common Stock
Footnotes (5)
- [F1]This transaction was executed in multiple trades at prices ranging from $10.16 to $10.27. 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]The securities are held by Tenzing Global Investors Fund I LP, a Delaware limited partnership ("Fund I"). Tenzing Global Management LLC, a Delaware limited liability company ("Tenzing Global Management"), is the investment advisor of Fund I. Richard Wang is the Managing Member of Tenzing Global Management, and may be deemed to share voting and investment power over the shares held of record by Fund I. Mr. Wang disclaims beneficial ownership of all shares held by the foregoing entities except to the extent of his pecuniary interest therein.
- [F3]The securities are held by accounts managed by Tenzing Global Management on a discretionary basis (the "Parallel Account"). Mr. Wang may be deemed to share voting and investment power over the shares held of record by the Parallel Account. Mr. Wang disclaims beneficial ownership of all shares held by the Parallel Account except to the extent of his pecuniary interest therein.
- [F4]This transaction was executed in multiple trades at prices ranging from $10.06 to $10.25. 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.
- [F5]Includes 2,928 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 Mr. Wang's termination of service from the Issuer. The DSUs shall vest in three equal installments on March 14 in each of 2016, 2017 and 2018.
Documents
Issuer
CAREER EDUCATION CORP
CIK 0001046568
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001046568
Filing Metadata
- Form type
- 4
- Filed
- Dec 8, 7:00 PM ET
- Accepted
- Dec 9, 4:37 PM ET
- Size
- 16.3 KB