SEC Form 4 · accession 0001046568-15-000004

PERDOCEO EDUCATION Corp · PRDO

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — SVP, General Counsel

Period of report

Mar 6, 2015

Accepted (ET)

Mar 10, 2015 · 9:10 pm EDT

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 Stock^F1,F2	Mar 6, 2015	A	8,276	$0.00	A	73,982	D
Common Stock^F2	Mar 6, 2015	S	20,487	$5.97	D	53,495	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Cash Settled RSU^F3,F4	—	Mar 6, 2015	A	8,276	A	—	Mar 14, 2019	Common Stock	8,276	8,276	D
Non-Qualified Stock Option (right to buy)^F5	$5.90	Mar 6, 2015	A	43,980	A	—	Mar 6, 2025	Common Stock	43,980	43,980	D

F1Restricted stock units granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan, with each restricted stock unit representing a contingent right to receive one share of common stock. The restricted stock units shall vest in four equal installments on each of March 14, 2016, 2017, 2018 and 2019.
F2Includes 25,708 restricted stock units granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan, with each restricted stock unit representing a contingent right to receive one share of the Issuer's common stock.
F3Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.
F4This grant of cash-settled RSUs was approved by the Compensation Committee of Issuer's Board of Directors on March 6, 2015 pursuant to Issuer's 2008 Incentive Compensation Plan. These cash-settled RSUs vest in four equal installments on March 14, 2016, 2017, 2018 and 2019.
F5Exercisable in four equal annual installments on each of March 14, 2016, 2017, 2018 and 2019.