Salnoske Karl D. 4
4 · LAUREATE EDUCATION, INC. · Filed Jan 3, 2018
Insider Transaction Report
Form 4
Salnoske Karl D.
Chief Information Officer
Transactions
- Conversion
Class B Common Stock
2017-12-31−239→ 0 total→ Class A Common Stock (239 underlying) - Conversion
Class A Common Stock
2017-12-31+239→ 2,286 total - Exercise/Conversion
Class A Common Stock
2017-12-31+554→ 2,840 total - Tax Payment
Class A Common Stock
2017-12-31$13.59/sh−184$2,501→ 2,656 total - Exercise/Conversion
Restricted Stock Units
2017-12-31−358→ 359 total→ Class B Common Stock (358 underlying) - Exercise/Conversion
Class B Common Stock
2017-12-31+358→ 358 total→ Class A Common Stock (358 underlying) - Tax Payment
Class B Common Stock
2017-12-31$13.59/sh−119$1,617→ 239 total→ Class A Common Stock (119 underlying) - Exercise/Conversion
Restricted Stock Units
2017-12-31−554→ 1,108 total→ Class A Common Stock (554 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]As reported in Footnote 10 of the Reporting Person's Form 3 filed on January 31, 2017, each Restricted Stock Unit represents the right to receive one share of Class B Common Stock of the Company.
- [F5]On May 2, 2016, the Reporting Person was granted 1,075 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 1,662 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.