Loureiro Jose Roberto 4
4 · LAUREATE EDUCATION, INC. · Filed Jun 19, 2018
Insider Transaction Report
Form 4
Loureiro Jose Roberto
Chief Executive Officer Brazil
Transactions
- Award
Class A Common Stock
2018-06-17+3,571→ 24,561 total - Conversion
Class A Common Stock
2018-06-17+8,928→ 33,489 total - Exercise/Conversion
Restricted Stock Units
2018-06-17−8,928→ 0 totalFrom: 2018-06-17→ Class B Common Stock (8,928 underlying) - Conversion
Class B Common Stock
2018-06-17−8,928→ 0 total→ Class A Common Stock (8,928 underlying) - Exercise/Conversion
Class B Common Stock
2018-06-17+8,928→ 8,928 total→ Class A Common Stock (8,928 underlying)
Footnotes (3)
- [F1]Represents shares issuable in connection with the vesting of 3,571 Performance Share Units originally awarded pursuant to a Performance Share Units Notice dated October 25, 2016, the terms of which provide that 3,571 PSUs granted thereunder shall vest upon satisfaction of the performance goals set forth therein. Upon their vesting, the PSUs granted pursuant to the October 2016 award were originally issueable as shares of Class B Common Stock of the Company. The reporting person has previously provided a standing instruction to convert the issueable Class B Shares to Class A Shares upon their issuance. Shares of Class B Common Stock of the Company are convertible to shares of Class A Common Stock upon the written election of the shareholder and otherwise in accordance with the Company's charter.
- [F2]Each Restricted Stock Unit ("RSU") represents the right to receive one share of Class B Common Stock, as previously reported by the reporting person at footnote 2 of the Form 3 filed on January 11, 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.