Lesnik Steven H 4
4 · CAREER EDUCATION CORP · Filed Mar 6, 2013
Insider Transaction Report
Form 4
Lesnik Steven H
Director
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2013-03-04+450,000→ 450,000 totalExercise: $2.72Exp: 2023-03-04→ Common Stock (450,000 underlying) - Award
Cash-Settled RSU
2013-03-04+299,401→ 299,401 totalExp: 2014-03-14→ Common Stock (299,401 underlying)
Footnotes (3)
- [F1]Exercisable in twelve equal monthly installments beginning April 14, 2013 and ending March 14, 2014.
- [F2]Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.
- [F3]This grant of cash-settled RSUs was approved by the Compensation Committee of Issuer's Board of Directors on March 4, 2013 pursuant to Issuer's 2008 Incentive Compensation Plan. These cash-settled RSUs vest on March 14, 2014, subject to the achievement of certain performance criteria on or prior to such date.