LALLY THOMAS B 4
4 · CAREER EDUCATION CORP · Filed Oct 8, 2019
Insider Transaction Report
Form 4
LALLY THOMAS B
Director
Transactions
- Exercise/Conversion
Non-Qualified Option (right to buy)
2019-10-07−16,000→ 0 totalExercise: $2.82Exp: 2023-05-13→ Common Stock (16,000 underlying) - Exercise/Conversion
Common Stock
2019-10-07$2.82/sh+16,000$45,120→ 50,619 total - Sale
Common Stock
2019-10-07$15.75/sh−16,000$252,000→ 34,619 total
Footnotes (4)
- [F1]The option exercise and sale reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 12, 2019.
- [F2]This transaction was executed in multiple trades at prices ranging from $15.61 to $15.85. 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.
- [F3]Includes 14,619 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 Reporting Person's termination of service from the Issuer. The DSUs are fully vested.
- [F4]On May 14, 2013 the Reporting Person was granted 16,000 non-qualified stock options. The option grant vested in four installments on May 14, 2013, 2014, 2015 and 2016.