CAREER EDUCATION CORP 4
4 · CAREER EDUCATION CORP · Filed Mar 16, 2016
Insider Transaction Report
Form 4
Cooper Jeffrey R
SVP, Chief Compliance Officer
Transactions
- Disposition to Issuer
Common Stock
2016-03-14$4.60/sh−996$4,582→ 44,239 total - Tax Payment
Common Stock
2016-03-14$4.60/sh−301$1,385→ 44,239 total - Award
Common Stock
2016-03-14+28,000→ 44,540 total - Exercise/Conversion
Cash-Settled RSU
2016-03-14−996→ 2,988 totalExp: 2019-03-14→ Common Stock (996 underlying) - Tax Payment
Common Stock
2016-03-14$4.60/sh−508$2,337→ 16,540 total - Exercise/Conversion
Common Stock
2016-03-14+996→ 45,235 total
Footnotes (5)
- [F1]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.
- [F2]Performance-based 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 units vest 20% on March 14, 2017, 50% on March 14, 2018 and 30% on March 14, 2019, subject to the achievement of certain performance criteria.
- [F3]Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.
- [F4]Includes 41,306 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.
- [F5]The remaining cash-settled RSUs vest in three additional installments on March 14, 2017, 2018 and 2019.