CAREER EDUCATION CORP 4
4 · CAREER EDUCATION CORP · Filed Mar 18, 2014
Insider Transaction Report
Form 4
Friesen Jason T
SVP, Treasurer
Transactions
- Exercise/Conversion
Common Stock
2014-03-14+9,964→ 98,644 total - Tax Payment
Common Stock
2014-03-14$6.82/sh−953$6,499→ 87,727 total - Disposition to Issuer
Common Stock
2014-03-14$6.82/sh−9,964$67,954→ 88,680 total - Tax Payment
Common Stock
2014-03-14$6.82/sh−477$3,253→ 87,250 total - Exercise/Conversion
Cash Settled RSU
2014-03-14−9,964→ 29,892 totalExp: 2017-03-14→ Common Stock (9,964 underlying)
Footnotes (4)
- [F1]Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.
- [F2]Includes 62,020 restricted stock units granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan, with each restricted stock unit representing a contingent right to receive one share of common stock.
- [F3]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.
- [F4]These cash settled restricted stock units vest in four equal installments on each of March 14, 2014, 2015, 2016 and 2017.