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4//SEC Filing

Martinez Alfonso 4

Accession 0001104659-17-046559

CIK 0000912766other
View on SEC.govCompany Profile

Filed

Jul 23, 8:00 PM ET

Accepted

Jul 24, 5:06 PM ET

Size

38.0 KB

Accession

0001104659-17-046559

Insider Transaction Report

Form 4
Period: 2017-07-20
LAUREATE EDUCATION, INC.LAUR
Martinez Alfonso
Chief Human Resources Officer
Transactions
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2017-07-20−2,927→ 0 total
    Exercise: $23.20Exp: 2024-07-10→ Class B Common Stock (2,927 underlying)
  • Award

    Employee Stock Option (right to buy)

    2017-07-20+2,927→ 2,927 total
    Exercise: $17.44Exp: 2024-07-10→ Class B Common Stock (2,927 underlying)
  • Award

    Employee Stock Option (right to buy)

    2017-07-20+1,463→ 1,463 total
    Exercise: $17.44Exp: 2024-07-10→ Class B Common Stock (1,463 underlying)
  • Award

    Employee Stock Option (right to buy)

    2017-07-20+1,900→ 1,900 total
    Exercise: $17.44Exp: 2026-05-02→ Class B Common Stock (1,900 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2017-07-20−1,471→ 0 total
    Exercise: $23.20Exp: 2025-03-04→ Class B Common Stock (1,471 underlying)
  • Award

    Employee Stock Option (right to buy)

    2017-07-20+7,000→ 7,000 total
    Exercise: $17.44Exp: 2023-10-02→ Class B Common Stock (7,000 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2017-07-20−1,900→ 0 total
    Exercise: $23.24Exp: 2026-05-02→ Class B Common Stock (1,900 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2017-07-20−7,000→ 0 total
    Exercise: $23.20Exp: 2023-10-02→ Class B Common Stock (7,000 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2017-07-20−7,000→ 0 total
    Exercise: $23.20Exp: 2023-10-02→ Class B Common Stock (7,000 underlying)
  • Award

    Employee Stock Option (right to buy)

    2017-07-20+7,000→ 7,000 total
    Exercise: $17.44Exp: 2023-10-02→ Class B Common Stock (7,000 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2017-07-20−1,463→ 0 total
    Exercise: $23.20Exp: 2024-07-10→ Class B Common Stock (1,463 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2017-07-20−2,943→ 0 total
    Exercise: $23.20Exp: 2025-03-04→ Class B Common Stock (2,943 underlying)
  • Award

    Employee Stock Option (right to buy)

    2017-07-20+2,943→ 2,943 total
    Exercise: $17.44Exp: 2025-03-04→ Class B Common Stock (2,943 underlying)
  • Award

    Employee Stock Option (right to buy)

    2017-07-20+1,471→ 1,471 total
    Exercise: $17.44Exp: 2025-03-04→ Class B Common Stock (1,471 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]5,600 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]5,600 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]1,756 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]876 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]1,177 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]588 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]633 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 0001456592

Filing Metadata

Form type
4
Filed
Jul 23, 8:00 PM ET
Accepted
Jul 24, 5:06 PM ET
Size
38.0 KB
View on SEC.gov