Lesnik Steven H 4
4 · CAREER EDUCATION CORP · Filed Mar 5, 2012
Insider Transaction Report
Form 4
Lesnik Steven H
Director
Transactions
- Award
Common Stock
2012-03-01+114,811→ 118,811 total - Award
Non-Qualified Stock Option (right to buy)
2012-03-01+114,811→ 114,811 totalExercise: $8.63From: 2013-03-01Exp: 2022-03-01→ Common Stock (114,811 underlying) - Award
Non-Qualified Stock Option (right to buy)
2012-03-01+143,513→ 143,513 totalExercise: $8.63Exp: 2022-03-01→ Common Stock (143,513 underlying)
Footnotes (2)
- [F1]Includes 114,811 restricted stock units granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan, with each restricted stock unit representing a contingent right to receive one share of common stock. Each restricted stock unit shall cease to be restricted and shall become non-forfeitable on March 1, 2013, subject to the achievement of certain performance criteria on or prior to March 1, 2013.
- [F2]Exercisable as to the 143,513 underlying shares of common stock upon the later to occur of March 1, 2013 and the achievement of certain performance criteria.