ZENTZ ROBERT W 4
4 · LAUREATE EDUCATION, INC. · Filed Jan 3, 2018
Insider Transaction Report
Form 4
ZENTZ ROBERT W
Sr. VP,Secretary,Gen. Counsel
Transactions
- Conversion
Class A Common Stock
2017-12-31+934→ 43,010 total - Exercise/Conversion
Class A Common Stock
2017-12-31+2,114→ 45,124 total - Exercise/Conversion
Restricted Stock Units
2017-12-31−1,383→ 1,386 total→ Class B Common Stock (1,383 underlying) - Tax Payment
Class A Common Stock
2017-12-31$13.59/sh−686$9,323→ 44,438 total - Tax Payment
Class B Common Stock
2017-12-31$13.59/sh−449$6,102→ 934 total→ Class A Common Stock (449 underlying) - Exercise/Conversion
Restricted Stock Units
2017-12-31−2,114→ 4,228 total→ Class A Common Stock (2,114 underlying) - Exercise/Conversion
Class B Common Stock
2017-12-31+1,383→ 1,383 total→ Class A Common Stock (1,383 underlying) - Conversion
Class B Common Stock
2017-12-31−934→ 0 total→ Class A Common Stock (934 underlying)
Footnotes (6)
- [F1]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.
- [F2]As reported in Footnote 1 of the Reporting Person's Form 4 filed on June 17, 2017, each Restricted Stock Unit represents the right to receive one share of Class A common stock of the Company subject to the Reporting Person's continued employment by the Company.
- [F3]Shares withheld from Restricted Stock Unit vestings in satisfaction of tax obligations based on closing price of $13.59 on December 28, 2017 of the Company's Class A common stock as traded on the NASDAQ stock exchange.
- [F4]Each Restricted Stock Unit ("RSU") represents the right to receive one share of Class B Common Stock.
- [F5]On May 2, 2016, the Reporting Person was granted 4,152 Restricted Stock Units (which vest as Class B shares of common stock) vesting in one-third annual installments on December 31, 2016, December 31, 2017, and December 31, 2018, subject to the Reporting Person's continued employment by the Company.
- [F6]On June 14, 2017, the Reporting Person was granted 6,342 Restricted Stock Units (which vest as Class A shares of common stock) vesting in one-third annual installments on December 31, 2017, December 31, 2018 and December 31, 2019, subject to the Reporting Person's continued employment by the Company.