4//SEC Filing
Wang Richard D 4
Accession 0001209191-18-036642
CIK 0001046568other
Filed
Jun 7, 8:00 PM ET
Accepted
Jun 8, 3:54 PM ET
Size
16.7 KB
Accession
0001209191-18-036642
Insider Transaction Report
Form 4
Wang Richard D
Director
Transactions
- Sale
Common Stock
2018-06-06$16.25/sh−55,933$908,738→ 1,237,515 total(indirect: See Footnote) - Sale
Common Stock
2018-06-08$16.18/sh−48,242$780,618→ 1,118,658 total(indirect: See Footnote) - Sale
Common Stock
2018-06-07$16.17/sh−70,615$1,142,063→ 1,166,900 total(indirect: See Footnote) - Sale
Common Stock
2018-06-06$16.25/sh−24,067$391,014→ 532,485 total(indirect: See Footnote) - Sale
Common Stock
2018-06-07$16.17/sh−30,385$491,420→ 502,100 total(indirect: See Footnote) - Sale
Common Stock
2018-06-08$16.18/sh−20,758$335,891→ 481,342 total(indirect: See Footnote)
Holdings
- 2,928
Common Stock
Footnotes (6)
- [F1]This transaction was executed in multiple trades at prices ranging from $16.16 to $16.49. The price reported in Column 4 reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon written request, to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected.
- [F2]The securities are held by Tenzing Global Investors Fund I LP, a Delaware limited partnership ("Fund I"). Tenzing Global Management LLC, a Delaware limited liability company ("Tenzing Global Management"), is the investment advisor of Fund I. Richard Wang is the Managing Member of Tenzing Global Management, and may be deemed to share voting and investment power over the shares held of record by Fund I. Mr. Wang disclaims beneficial ownership of all shares held by the foregoing entities except to the extent of his pecuniary interest therein.
- [F3]The securities are held by accounts managed by Tenzing Global Management on a discretionary basis (the "Parallel Account"). Mr. Wang may be deemed to share voting and investment power over the shares held of record by the Parallel Account. Mr. Wang disclaims beneficial ownership of all shares held by the Parallel Account except to the extent of his pecuniary interest therein.
- [F4]This transaction was executed in multiple trades at prices ranging from $16.025 to $16.3064. The price reported in Column 4 reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon written request, to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected.
- [F5]This transaction was executed in multiple trades at prices ranging from $16.11 to $16.225. The price reported in Column 4 reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon written request, to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected.
- [F6]Includes 2,928 deferred stock units (each a "DSU") granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan with each DSU representing a contingent right to receive one share of common stock upon Mr. Wang's termination of service from the Issuer. The DSUs are fully vested.
Documents
Issuer
CAREER EDUCATION CORP
CIK 0001046568
Entity typeother
Related Parties
1- filerCIK 0001636156
Filing Metadata
- Form type
- 4
- Filed
- Jun 7, 8:00 PM ET
- Accepted
- Jun 8, 3:54 PM ET
- Size
- 16.7 KB