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4//SEC Filing

ZENTZ ROBERT W 4

Accession 0001104659-17-046549

CIK 0000912766other
View on SEC.govCompany Profile

Filed

Jul 23, 8:00 PM ET

Accepted

Jul 24, 5:02 PM ET

Size

37.8 KB

Accession

0001104659-17-046549

Insider Transaction Report

Form 4
Period: 2017-07-20
LAUREATE EDUCATION, INC.LAUR
ZENTZ ROBERT W
Sr. VP,Secretary,Gen. Counsel
Transactions
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2017-07-20−81,371→ 0 total
    Exercise: $23.20Exp: 2023-10-02→ Class B Common Stock (81,371 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2017-07-20−6,195→ 0 total
    Exercise: $23.20Exp: 2024-07-10→ Class B Common Stock (6,195 underlying)
  • Award

    Employee Stock Option (right to buy)

    2017-07-20+6,230→ 6,230 total
    Exercise: $17.44Exp: 2025-03-04→ Class B Common Stock (6,230 underlying)
  • Award

    Employee Stock Option (right to buy)

    2017-07-20+8,016→ 8,016 total
    Exercise: $17.44Exp: 2026-05-02→ Class B Common Stock (8,016 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2017-07-20−32,548→ 0 total
    Exercise: $23.20Exp: 2023-10-02→ Class B Common Stock (32,548 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2017-07-20−12,391→ 0 total
    Exercise: $23.20Exp: 2024-07-10→ Class B Common Stock (12,391 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2017-07-20−6,230→ 0 total
    Exercise: $23.20Exp: 2025-03-04→ Class B Common Stock (6,230 underlying)
  • Award

    Employee Stock Option (right to buy)

    2017-07-20+81,371→ 81,371 total
    Exercise: $17.44Exp: 2023-10-02→ Class B Common Stock (81,371 underlying)
  • Award

    Employee Stock Option (right to buy)

    2017-07-20+12,391→ 12,391 total
    Exercise: $17.44Exp: 2024-07-10→ Class B Common Stock (12,391 underlying)
  • Award

    Employee Stock Option (right to buy)

    2017-07-20+12,458→ 12,458 total
    Exercise: $17.44Exp: 2025-03-04→ Class B Common Stock (12,458 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2017-07-20−8,016→ 0 total
    Exercise: $23.24Exp: 2026-05-02→ Class B Common Stock (8,016 underlying)
  • Award

    Employee Stock Option (right to buy)

    2017-07-20+6,195→ 6,195 total
    Exercise: $17.44Exp: 2024-07-10→ Class B Common Stock (6,195 underlying)
  • Award

    Employee Stock Option (right to buy)

    2017-07-20+32,548→ 32,548 total
    Exercise: $17.44Exp: 2023-10-02→ Class B Common Stock (32,548 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2017-07-20−12,458→ 0 total
    Exercise: $23.20Exp: 2025-03-04→ Class B Common Stock (12,458 underlying)
Footnotes (9)
  • [F1]The transactions reported herein reflect a one-time stock option repricing (the "Option Repricing") that became effective on July 20, 2017. Pursuant to the Option Repricing, the exercise price of each "Relevant Option" (any stock option awarded by Laureate Education, Inc. (the "Company") between October 2, 2013 and December 31, 2016 (inclusive)) has been amended to reduce such exercise price to $17.44, which was the average closing price of a share of the Company's Class A common stock, par value $0.004 per share ("Class A Common Stock") as reported on the Nasdaq Global Select Market over the twenty (20) calendar days preceding July 20, 2017. There have been no other changes to the terms of the Relevant Options.
  • [F2]65,097 of these options are exerciseable immediately. Subject to the reporting person's continued employment by the Company, 20% of these options will become exercisable on December 31, 2017.
  • [F3]Each share of the Company's Class B common stock, par value $0.004 per share ("Class B Common Stock") is convertible into one share of 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]26,036 of these options are exerciseable immediately. Subject to the reporting person's continued employment by the Company, 20% of these options will become vested and exercisable if the Company achieves the applicable equity value target determined pursuant to the Company's 2013 Long-Term Incentive Plan, as amended (the "Equity Value Target") with respect to fiscal year 2017.
  • [F5]7,434 of these options are exerciseable immediately. Subject to the reporting person's continued employment by the Company, (A) 20% of these options will become exercisable on December 31, 2017, and (B) 20% of these options will become exercisable on December 31, 2018.
  • [F6]3,717 of these options are exerciseable immediately. Subject to the reporting person's continued employment by the Company, (A) 20% of these options will become vested and exercisable if the Company achieves the applicable Equity Value Target with respect to fiscal year 2017, and (B) 20% of these options will become vested and exercisable if the Company achieves the applicable Equity Value Target with respect to fiscal year 2018.
  • [F7]4,983 of these options are exerciseable immediately. Subject to the reporting person's continued employment by the Company, (A) 20% of these options will become exercisable on December 31, 2017, (B) 20% of these options will become exercisable on December 31, 2018, and (C) 20% of these options will become exercisable on December 31, 2019.
  • [F8]2,492 of these options are exerciseable immediately. Subject to the reporting person's continued employment by the Company, (A) 20% of these options will become vested and exercisable if the Company achieves the applicable Equity Value Target with respect to fiscal year 2017, (B) 20% of these options will become vested and exercisable if the Company achieves the applicable Equity Value Target with respect to fiscal year 2018, and (C) 20% of these options will become vested and exercisable if the Company achieves the applicable Equity Value Target with respect to fiscal year 2019.
  • [F9]2,672 of these options are exerciseable immediately. Subject to the reporting person's continued employment by the Company, (A) one-third (1/3) of these options will become exercisable on December 31, 2017, and (B) one-third (1/3) of these options will become exercisable on December 31, 2018.

Documents

1 file

Issuer

LAUREATE EDUCATION, INC.

CIK 0000912766

→
Entity typeother

Related Parties

1
  • filerCIK 0001242920

Filing Metadata

Form type
4
Filed
Jul 23, 8:00 PM ET
Accepted
Jul 24, 5:02 PM ET
Size
37.8 KB
View on SEC.gov