CAREER EDUCATION CORP 4
4 · CAREER EDUCATION CORP · Filed Jun 15, 2017
Insider Transaction Report
Form 4
Cederoth Andrew J
SVP and CFO
Transactions
- Disposition to Issuer
Common Stock
2017-06-14$9.80/sh−2,544$24,931→ 21,268 total - Exercise/Conversion
Common Stock
2017-06-14+2,544→ 23,812 total - Exercise/Conversion
Cash-Settled RSU
2017-06-14−2,544→ 7,632 totalExp: 2020-06-14→ Common Stock (2,544 underlying) - Tax Payment
Common Stock
2017-06-14$9.80/sh−792$7,762→ 20,476 total
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 Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock or stock units.
- [F3]Includes 18,724 restricted stock units granted pursuant to the Career Education Corporation 2008 or 2016 Incentive Compensation Plans, with each unit representing the contingent right to receive one share of Issuer's common stock.
- [F4]The remaining cash-settled RSUs vest in three additional installments on June 14, 2018, 2019 and 2020.