SEC Form 4 · accession 0000899243-16-035698
PERDOCEO EDUCATION Corp · PRDO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Robert Kline
Officer — SVP, AIU
Period of report
Dec 14, 2016
Accepted (ET)
Dec 16, 2016 · 9:39 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001046568
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 14, 2016 | M | 4,060 | — | A | 89,800 | D | |
| Common Stock | Dec 14, 2016 | D | 4,060 | $10.34 | D | 85,740 | D | |
| Common StockF2,F3 | Dec 14, 2016 | F | 1,271 | $10.34 | D | 84,469 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash-Settled RSUF1,F4 | — | Dec 14, 2016 | M | 4,060 | D | — | Dec 14, 2019 | Common Stock | 4,060 | 12,180 | D |
Explanation of responses
- F1Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.
- F2Reflects shares of common stock surrendered to the Company to satisfy tax withholding obligations in connection with the vesting of restricted stock or stock units.
- F3Includes 81,680 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.
- F4The remaining RSUs vest in three equal installments on December 14, 2017, 2018 and 2019.