4//SEC Filing
Broker Neel 4
Accession 0001127602-18-021419
CIK 0000912766other
Filed
Jun 18, 8:00 PM ET
Accepted
Jun 19, 5:01 PM ET
Size
16.1 KB
Accession
0001127602-18-021419
Insider Transaction Report
Form 4
Broker Neel
CEO EMEAA
Transactions
- Exercise/Conversion
Class B Common Stock
2018-06-17+8,928→ 10,774 total→ Class A Common Stock (8,928 underlying) - Conversion
Class B Common Stock
2018-06-17−5,414→ 1,846 total→ Class A Common Stock (5,414 underlying) - Award
Class A Common Stock
2018-06-17+2,165→ 9,954 total - Conversion
Class A Common Stock
2018-06-17+5,414→ 15,368 total - Exercise/Conversion
Restricted Stock Units
2018-06-17−8,928→ 0 totalFrom: 2018-06-17→ Class B Common Stock (8,928 underlying) - Tax Payment
Class B Common Stock
2018-06-17−3,514→ 7,260 total→ Class A Common Stock (3,514 underlying)
Footnotes (4)
- [F1]Represents the net issuance of shares 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. In connection with the PSUs' vesting, 1,406 shares were withheld to satisfy the reporting person's withholding tax obligations. This amount was determined based upon the closing price on the date immediately prior to the vesting date of $14.63 per share of Class A Common Stock as traded on the NASDAQ Stock Exchange.
- [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.
- [F4]In connection with the RSUs' vesting, 3,514 shares were withheld to satisfy the reporting person's withholding tax obligations. This amount was determined based upon the closing price on the date immediately prior to the vesting date of $14.63 per share of Class A Common Stock as traded on the NASDAQ Stock Exchange.
Documents
Issuer
LAUREATE EDUCATION, INC.
CIK 0000912766
Entity typeother
Related Parties
1- filerCIK 0001725127
Filing Metadata
- Form type
- 4
- Filed
- Jun 18, 8:00 PM ET
- Accepted
- Jun 19, 5:01 PM ET
- Size
- 16.1 KB