$PRDO|4Mar 8, 5:10 PM ET

CAREER EDUCATION CORP 4

4 · CAREER EDUCATION CORP · Filed Mar 8, 2016

Form 4

Period: 2016-03-07

SVP, Chief Compliance Officer

Transactions

Award
Cash-Settled RSU
2016-03-07+6,960→ 6,960 total
Exp: 2020-03-14→ Common Stock (6,960 underlying)
Award
Non-Qualified Stock Option (right to buy)
2016-03-07+38,760→ 38,760 total
Exercise: $4.49Exp: 2026-03-07→ Common Stock (38,760 underlying)
Award
Common Stock
2016-03-07+6,960→ 17,048 total

Footnotes (5)

[F1]Restricted stock units granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan, with each unit representing the contingent right to receive one share of Issuer's common stock. The restricted stock units shall vest in four equal installments on each of March 14, 2017, 2018, 2019 and 2020.
[F2]Includes 15,981 restricted stock units granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan, with each unit representing the contingent right to receive one share of Issuer's common stock.
[F3]Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.
[F4]This grant of cash-settled RSUs was approved by the Compensation Committee of Issuer's Board of Directors on March 7, 2016 pursuant to the Career Education Corporation 2008 Incentive Compensation Plan. The cash-settled RSUs shall vest in four equal installments on each of March 14, 2017, 2018, 2019 and 2020.
[F5]Exercisable in four equal installments on each of March 14, 2017, 2018, 2019 and 2020.

Documents

1 file