CAREER EDUCATION CORP 4
4 · CAREER EDUCATION CORP · Filed Mar 11, 2015
Insider Transaction Report
Form 4
Cooper Jeffrey R
SVP, Chief Compliance Officer
Transactions
- Award
Common Stock
2015-03-06+3,984→ 10,700 total - Award
Cash Settled RSU
2015-03-06+3,984→ 3,984 totalExp: 2019-03-14→ Common Stock (3,984 underlying) - Award
Non-Qualified Stock Option (right to buy)
2015-03-06+21,180→ 21,180 totalExercise: $5.90Exp: 2025-03-06→ Common Stock (21,180 underlying)
Footnotes (5)
- [F1]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. The restricted stock units shall vest in four equal installments on each of March 14, 2016, 2017, 2018 and 2019.
- [F2]Includes 10,700 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 the Issuer's common stock.
- [F3]Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.
- [F4]This grant of cash-settled RSUs was approved by the Compensation Committee of Issuer's Board of Directors on March 6, 2015 pursuant to Issuer's 2008 Incentive Compensation Plan. These cash-settled RSUs vest in four equal installments on March 14, 2016, 2017, 2018 and 2019.
- [F5]Exercisable in four equal installments on each of March 14, 2016, 2017, 2018 and 2019.