Friesen Jason T 4
4 · CAREER EDUCATION CORP · Filed Mar 6, 2013
Insider Transaction Report
Form 4
Friesen Jason T
SVP, Treasurer
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2013-03-04+72,468→ 72,468 totalExercise: $2.72Exp: 2023-03-04→ Common Stock (72,468 underlying) - Award
Cash-Settled RSU
2013-03-04+39,856→ 39,856 totalExp: 2017-03-14→ Common Stock (39,856 underlying)
Footnotes (3)
- [F1]Exercisable in four equal annual installments on each of March 14, 2014, 2015, 2016 and 2017.
- [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 in four equal installments on each of March 14, 2014, 2015, 2016 and 2017.