STEFFEY SCOTT W 4

4 · CAREER EDUCATION CORP · Filed Apr 10, 2013

Form 4

Period: 2013-04-08

DirectorCEO & President

Transactions

Award
Stock Appreciation Right
2013-04-08+144,628→ 144,628 total
Exercise: $2.20Exp: 2023-04-08→ Common Stock (144,628 underlying)
Award
Non-Qualified Stock Option (right to buy)
2013-04-08+450,000→ 450,000 total
Exercise: $2.20Exp: 2023-04-08→ Common Stock (450,000 underlying)
Award
Cash-Settled RSU
2013-04-08+104,545→ 104,545 total
Exp: 2017-03-14→ Common Stock (104,545 underlying)
Award
Cash-Settled RSU
2013-04-08+250,000→ 250,000 total
Exp: 2017-03-14→ Common Stock (250,000 underlying)
Award
Stock Appreciation Right
2013-04-08+50,000→ 50,000 total
Exercise: $2.20Exp: 2023-04-08→ Common Stock (50,000 underlying)

Footnotes (6)

[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]Cash-settled RSUs granted under Issuer's 2008 Incentive Compensation Plan. These cash-settled RSUs vest in four equal installments on each of April 8, 2014 and March 14, 2015, 2016 and 2017, subject to achievement of certain perforamance criteria.
[F4]These cash-settled RSUs vest in four equal installments on each of April 8, 2014 and March 14, 2015, 2016 and 2017, subject to achievement of certain perforamance criteria.
[F5]Cash-Settled Stock Appreciation Rights ("SARs") granted under Issuer's 2008 Incentive Compenation Plan. These SARs vest in four equal installments on each of March 14, 2014, 2015, 2016 and 2017.
[F6]These SARs vest in four equal installments on each of March 14, 2014, 2015, 2016 and 2017.

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