Serck-Hanssen Eilif 4

Accession 0001415889-22-002901

CIK 0000912766other

Filed

Mar 10, 7:00 PM ET

Accepted

Mar 11, 5:17 PM ET

Size

19.6 KB

Accession

0001415889-22-002901

Form 4

Period: 2022-03-09

DirectorPRESIDENT & CEO

Transactions

Exercise/Conversion
Common Stock
2022-03-10$9.85/sh+81,015$797,998→ 751,029 total
Exercise/Conversion
Employee Stock Option (right to buy)
2022-03-09−125,057→ 56,926 total
Exercise: $9.85Exp: 2023-10-02→ Common Stock (125,057 underlying)
Exercise/Conversion
Employee Stock Option (right to buy)
2022-03-10−24,089→ 0 total
Exercise: $9.85Exp: 2023-10-02→ Common Stock (24,089 underlying)
Exercise/Conversion
Common Stock
2022-03-09$9.85/sh+173,761$1,711,546→ 843,775 total
Sale
Common Stock
2022-03-09$12.01/sh−173,761$2,086,522→ 670,014 total
Sale
Common Stock
2022-03-10$12.05/sh−81,015$976,555→ 670,014 total
Exercise/Conversion
Employee Stock Option (right to buy)
2022-03-09−48,704→ 24,089 total
Exercise: $9.85Exp: 2023-10-02→ Common Stock (48,704 underlying)
Exercise/Conversion
Employee Stock Option (right to buy)
2022-03-10−56,926→ 0 total
Exercise: $9.85Exp: 2023-10-02→ Common Stock (56,926 underlying)

Footnotes (6)

[F1]The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on November 23, 2021 with respect to two option grants expiring on October 2, 2023.
[F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.07, inclusive. The reporting person undertakes to provide to Laureate Education, Inc., any security holder of Laureate Education, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4.
[F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.165, inclusive.
[F4]In connection with special cash distributions declared on September 15, 2021 and December 3, 2021, the Board approved certain required adjustments under the Company's equity award compensation plans, pursuant to which the exercise price of the Company's outstanding stock options were reduced by $7.01 and $0.58 per share, respectively.
[F5]The option vested in substantially equal installments on December 31, 2013, 2014, 2015, 2016 and 2017.
[F6]The option vested in substantially equal installments on December 31, 2013, 2014, 2015 and 2017 and April 15, 2018.

Documents

1 file

LAUREATE EDUCATION, INC.

CIK 0000912766

Entity typeother