4//SEC Filing
LAUREATE EDUCATION, INC. 4
Accession 0001104659-17-024562
$LAURCIK 0000912766operating
Filed
Apr 18, 8:00 PM ET
Accepted
Apr 19, 6:06 PM ET
Size
11.2 KB
Accession
0001104659-17-024562
Insider Transaction Report
Form 4
Patro Richard J.
CEO Global Prods. and Servs.
Transactions
- Exercise/Conversion
Class B Common Stock
2017-04-17+4,258→ 17,911 total→ Class B Common Stock (4,258 underlying) - Tax Payment
Class B Common Stock
2017-04-17$14.60/sh−1,528$22,309→ 16,383 total→ Class A Common Stock (1,528 underlying) - Exercise/Conversion
Performance Share Units
2017-04-17−4,258→ 4,258 total→ Class B Common Stock (4,258 underlying)
Footnotes (4)
- [F1]Each Performance Share Unit ("PSU") represents the right to receive one share of Class B Common Stock ("Class B Common Stock") of Laureate Education, Inc. (the "Company").
- [F2]As previously reported in footnote 5 on the Form 3 filed by the reporting person with the U.S. Securities and Exchange Commission on January 31, 2017, 4,258 PSUs vested on April 17, 2017 (the "Vesting Date") upon the achievement by the Company of the applicable Equity Value Target with respect to fiscal year 2016. Subject to the reporting person's continued employment with the Company, an additional 4,258 PSUs are eligible to vest if the Company achieves the applicable Equity Value Target with respect to fiscal year 2017.
- [F3]Each share of the Company's Class B Common Stock is convertible into one share of the Company's Class A Common Stock ("Class A Common Stock") upon the election of the holder or upon transfer, subject to the terms of the Company's Amended and Restated Certificate of Incorporation.
- [F4]On the trading day immediately prior to the Vesting Date, the closing price of one share of the Company's Class A Common Stock traded on the NASDAQ Stock Exchange was $14.60. On April 17, 2017, 1,528 shares of the Company's Class B Common Stock otherwise issuable upon the vesting of the PSUs were forfeited to pay the applicable withholding taxes due in connection with the PSUs' vesting.
Documents
Issuer
LAUREATE EDUCATION, INC.
CIK 0000912766
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000912766
Filing Metadata
- Form type
- 4
- Filed
- Apr 18, 8:00 PM ET
- Accepted
- Apr 19, 6:06 PM ET
- Size
- 11.2 KB