4//SEC Filing
Guimaraes Enderson 4
Accession 0001127602-17-028994
CIK 0000912766other
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 5:01 PM ET
Size
11.3 KB
Accession
0001127602-17-028994
Insider Transaction Report
Form 4
Guimaraes Enderson
See Remarks
Transactions
- Exercise/Conversion
Restricted Stock Units
2017-09-29−73,437→ 0 totalFrom: 2017-09-29→ Class B Common Stock (73,437 underlying) - Exercise/Conversion
Class B Common Stock
2017-09-29+73,437→ 73,437 total→ Class A Common Stock (73,437 underlying) - Tax Payment
Class B Common Stock
2017-09-29$14.55/sh−30,807$448,242→ 42,630 total→ Class A Common Stock (30,807 underlying)
Footnotes (4)
- [F1]Each Restricted Stock Unit ("RSU") 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 the Company's Filing 8-K filed on March 28, 2017, the Reporting Person entered into a Separation Agreement with the Company (a copy of which was attached to the Company's filing 10-k filed on May 11, 2017) (the "Separation Agreement"). Pursuant to the terms of the Separation Agreement, vesting of the Reporting Person's RSUs was accelerated as of the Reporting Person's last day of employment by the Company. The Reporting Person's Employment terminated as of September 30, 2017. As this date was a Saturday, the RSUs vested as of the immediately prior business day, September 29, 2017 (the "Separation Date"). As of the Separation Date, the Reporting Person owned 73,437 RSUs.
- [F3]Each share of Class B Common Stock of Laureate Education, Inc. (the "Company") is convertible into one share of Class A Common Stock of the Company 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 Separation Date, the closing price of one share of the Company's Class A Common Stock traded on the NASDAQ Stock Exchange was $14.55. On September 29, 2017, 30,807 shares of the Company's Class B Common Stock otherwise issuable upon the vesting of the RSUs were forfeited to pay the applicable withholding taxes due in connection with the RSUs' vesting.
Documents
Issuer
LAUREATE EDUCATION, INC.
CIK 0000912766
Entity typeother
Related Parties
1- filerCIK 0001532604
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 5:01 PM ET
- Size
- 11.3 KB