4//SEC Filing
Berckemeyer Ricardo M. 4
Accession 0001127602-18-013806
CIK 0000912766other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 5:18 PM ET
Size
18.7 KB
Accession
0001127602-18-013806
Insider Transaction Report
Form 4
Berckemeyer Ricardo M.
Chief Operating Officer
Transactions
- Award
Class A Common Stock
2018-03-30+11,179→ 59,395 total - Exercise/Conversion
Class B Common Stock
2018-03-30+11,581→ 11,581 total→ Class A Common Stock (11,581 underlying) - Tax Payment
Class B Common Stock
2018-03-30−5,367→ 6,214 total→ Class A Common Stock (5,367 underlying) - Award
Employee Stock Option (Right to Buy)
2018-03-30+14,645→ 270,894 totalExercise: $17.44Exp: 2023-10-02→ Class B Common Stock (14,645 underlying) - Exercise/Conversion
Performance Share Units
2018-03-30−11,581→ 0 total→ Class B Common Stock (11,581 underlying) - Conversion
Class B Common Stock
2018-03-30−6,214→ 0 total→ Class A Common Stock (6,214 underlying) - Conversion
Class A Common Stock
2018-03-30+6,214→ 48,216 total
Footnotes (7)
- [F1]On June 14, 2017, the reporting person was granted 62,500 Performance Share Units issueable as shares of Laureate Class A Common Stock of Laureate Education, Inc. (the "Company") ("Class A PSUs"), vesting in three equal tranches dependent upon the Company achieving the applicable performance goal as set forth in the applicable Performance Share Units Notice. 20,834 Class A PSUs vested on March 30, 2018. 9,655 shares were withheld from the vesting in satisfaction of the reporting person's tax withholding liability.
- [F2]Each Performance Share Unit ("Class B PSU") represents the right to receive one share of Class B Common Stock ("Class B Common Stock") of the Company.
- [F3]As previously reported in footnote 5 on the Form 3 filed by the reporting person with the U.S. Securities and Exchange Commission on January 30, 2017, 11,581 Class B PSUs vested on March 30, 2018 (the "Vesting Date") upon the achievement by the Company of the applicable Equity Value Target with respect to fiscal year 2017.
- [F4]Each share of Class B Common Stock of 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.
- [F5]On the trading day immediately prior to the Vesting Date, the closing price of one share of the Company's Class A Common Stock traded on the NASDAQ Stock Exchange was $13.75. On March 30, 2018, 5,367 shares of the Company's Class B Common Stock otherwise issueable upon the vesting of the Class B PSUs were forfeited to pay the applicable withholding taxes due in connection with the Class B PSUs' vesting.
- [F6]As reported at footnote 4 of the reporting person's Form 3, these options vested on March 30, 2018 following determination by the Compensation Committee of the Company's Board of Directors of the Company's achievement of the applicable Equity Value Target.
- [F7]Represents the aggregate number of vested options awarded pursuant to the reporting person's Stock Option Agreement dated October 2, 2013 (including time-based and performance-based options). This figure consolidates the option reported at footnotes 3 and 4 of the reporting person's Form 3.
Documents
Issuer
LAUREATE EDUCATION, INC.
CIK 0000912766
Entity typeother
Related Parties
1- filerCIK 0001696046
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 5:18 PM ET
- Size
- 18.7 KB