CAREER EDUCATION CORP 4
4 · CAREER EDUCATION CORP · Filed Mar 17, 2015
Insider Transaction Report
Form 4
Friesen Jason T
SVP, Treasurer
Transactions
- Disposition to Issuer
Common Stock
2015-03-14$5.82/sh−9,964$57,990→ 87,193 total - Exercise/Conversion
Common Stock
2015-03-14+9,964→ 97,157 total - Tax Payment
Common Stock
2015-03-14$5.82/sh−2,140$12,455→ 85,053 total - Exercise/Conversion
Cash-Settled RSU
2015-03-14−9,964→ 19,928 totalExp: 2017-03-14→ Common Stock (9,964 underlying)
Footnotes (4)
- [F1]Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.
- [F2]Reflects shares of common stock surrendered to the Company to satisfy tax withholding obligations in connection with the vesting of restricted stock or stock units.
- [F3]Includes 44,015 restricted stock units granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan, with each unit representing a contingent right to receive one share of Issuer's common stock.
- [F4]The remaining cash-settled RSUs vest in two equal annual installments on each of March 14, 2016 and 2017.