4//SEC Filing
Patro Richard J. 4
Accession 0001104659-17-046553
CIK 0000912766other
Filed
Jul 23, 8:00 PM ET
Accepted
Jul 24, 5:04 PM ET
Size
13.6 KB
Accession
0001104659-17-046553
Insider Transaction Report
Form 4
Patro Richard J.
CEO Global Prods. and Servs.
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2017-07-20−26,921→ 0 totalExercise: $23.20Exp: 2023-10-02→ Class B Common Stock (26,921 underlying) - Award
Employee Stock Option (right to buy)
2017-07-20+26,921→ 26,921 totalExercise: $17.44Exp: 2023-10-02→ Class B Common Stock (26,921 underlying) - Award
Employee Stock Option (right to buy)
2017-07-20+67,302→ 67,302 totalExercise: $17.44Exp: 2023-10-02→ Class B Common Stock (67,302 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2017-07-20−67,302→ 0 totalExercise: $23.20Exp: 2023-10-02→ Class B Common Stock (67,302 underlying)
Footnotes (4)
- [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]53,841 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]21,536 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 with respect to fiscal year 2017.
Documents
Issuer
LAUREATE EDUCATION, INC.
CIK 0000912766
Entity typeother
Related Parties
1- filerCIK 0001696359
Filing Metadata
- Form type
- 4
- Filed
- Jul 23, 8:00 PM ET
- Accepted
- Jul 24, 5:04 PM ET
- Size
- 13.6 KB