4//SEC Filing
LAUREATE EDUCATION, INC. 4
Accession 0001104659-17-024563
$LAURCIK 0000912766operating
Filed
Apr 18, 8:00 PM ET
Accepted
Apr 19, 6:06 PM ET
Size
17.2 KB
Accession
0001104659-17-024563
Insider Transaction Report
Form 4
Martinez Alfonso
Chief Human Resources Officer
Transactions
- Exercise/Conversion
Performance Share Units
2017-04-17−1,500→ 1,500 total→ Class B Common Stock (1,500 underlying) - Exercise/Conversion
Performance Share Units
2017-04-17−154→ 308 total→ Class B Common Stock (154 underlying) - Exercise/Conversion
Performance Share Units
2017-04-17−308→ 462 total→ Class B Common Stock (308 underlying) - Exercise/Conversion
Class B Common Stock
2017-04-17+1,962→ 9,030 total→ Class B Common Stock (1,962 underlying) - Tax Payment
Class B Common Stock
2017-04-17$14.60/sh−686$10,016→ 8,344 total→ Class A Common Stock (686 underlying)
Footnotes (6)
- [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 9 on the Form 3 filed by the reporting person with the U.S. Securities and Exchange Commission (the "SEC") on January 31, 2017, 1,500 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 1,500 PSUs are eligible to vest if the Company achieves the applicable Equity Value Target with respect to fiscal year 2017.
- [F3]As previously reported in footnote 10 on the Form 3 filed by the reporting person with SEC on January 31, 2017, 154 PSUs vested on 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 308 PSUs are eligible to vest in equal tranches of 154 PSUs if the Company achieves the applicable Equity Value Target with respect to fiscal years 2017 and 2018.
- [F4]As previously reported in footnote 11 on the Form 3 filed by the reporting person with the SEC on January 31, 2017, 308 PSUs vested on the Vesting Date upon the achievement by the Company of the applicable Equity Value Targets with respect to fiscal years 2015 and 2016 (both as determined after publication of the fiscal year 2016 audited financials). Subject to the reporting person's continued employment with the Company, an additional 462 PSUs are eligible to vest in equal tranches of 154 PSUs if the Company achieves the applicable Equity Value Target with respect to fiscal years 2017, 2018 and 2019.
- [F5]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.
- [F6]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, 686 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
- 17.2 KB