Berckemeyer Ricardo M. 4
4 · LAUREATE EDUCATION, INC. · Filed Jun 19, 2018
Insider Transaction Report
Form 4
Berckemeyer Ricardo M.
Chief Operating Officer
Transactions
- Exercise/Conversion
Class B Common Stock
2018-06-17+8,642→ 8,642 total→ Class A Common Stock (8,642 underlying) - Tax Payment
Class B Common Stock
2018-06-17−14,018→ 16,231 total→ Class A Common Stock (14,018 underlying) - Exercise/Conversion
Performance Share Units
2018-06-17−8,642→ 0 total→ Class B Common Stock (8,642 underlying) - Exercise/Conversion
Class B Common Stock
2018-06-17+21,607→ 30,249 total→ Class A Common Stock (21,607 underlying) - Conversion
Class B Common Stock
2018-06-17−16,231→ 0 total→ Class A Common Stock (16,231 underlying) - Conversion
Class A Common Stock
2018-06-17+16,231→ 75,626 total - Exercise/Conversion
Restricted Stock Units
2018-06-17−21,607→ 0 totalFrom: 2018-06-17→ Class B Common Stock (21,607 underlying)
Footnotes (5)
- [F1]Each Performance Share Unit ("PSU") represents the right to receive one share of Class B Common Stock of the Company.
- [F2]As previously reported in footnote 6 on the Form 3 filed by the reporting person with the U.S. Securities and Exchange Commission on January 31, 2017, these PSUs were to vest upon the achievement by the Company of the applicable financial metrics, subject to the reporting person's continued employment with the Company, through June 17, 2018.
- [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]As previously reported at footnote 7 of the reporting person's Form 3, each Restricted Stock Unit ("RSU") represents the right to receive one share of the Class B Common Stock of the Company and was issuable as shares of Class B Common Stock provided the reporting person remained employed through June 17, 2018.
- [F5]On the trading day immediately prior to June 17, 2018, the closing price of one share of the Company's Class A Common Stock traded on the NASDAQ Stock Exchange was $14.63. On June 18, 2018, 14,018 shares of the Company's Class B Common Stock otherwise issueable upon the vesting of the RSUs and PSUs reported herein were forfeited to pay the applicable withholding taxes due in connection with these vestings.