Darmon Tal 4
4 · LAUREATE EDUCATION, INC. · Filed Mar 19, 2019
Insider Transaction Report
Form 4
Darmon Tal
Chief Accounting Officer
Transactions
- Tax Payment
Class B Common Stock
2019-03-15$14.97/sh−727$10,883→ 1,333 total→ Class A Common Stock (727 underlying) - Exercise/Conversion
Performance Share Units
2019-03-15−1,881→ 0 total→ Class B Common Stock (1,881 underlying) - Conversion
Class B Common Stock
2019-03-15−1,154→ 179 total→ Class A Common Stock (1,154 underlying) - Conversion
Class A Common Stock
2019-03-15+1,154→ 11,565 total - Award
Class A Common Stock
2019-03-15+1,973→ 13,538 total
Footnotes (3)
- [F1]Each share of Class B Common Stock ("Class B Common Stock") of Laureate Education, Inc. (the "Company") is convertible into one share of Class A Common Stock of the Company ("Class A Common Stock") 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 at footnote 8 in the reporting person's Form 3 filed on January 31, 2017, vesting of these performance units (and the total amount of performance units to vest) was dependent on the Company's achievement of performance goals from the period from January 1, 2016 through December 31, 2018. Based on the determination of the Company's Compensation Committee of its Board of Directors, a total of 1,881 performance units have vested for this award.
- [F3]On the trading day immediately prior to March 15, 2019 (the "Vesting Date"), the closing price of one share of the Company's Class A Common Stock traded on the NASDAQ Stock Exchange was $14.97. On the Vesting Date, 727 shares of the Company's Class B Common Stock otherwise issuable upon the vesting of the performance units reported in footnote 2 were forfeited to pay the applicable withholding taxes due in connection with the vesting of those units.