SEC Form 4 · accession 0001181431-15-004741
PERDOCEO EDUCATION Corp · PRDO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey David Ayers
Officer — SVP, General Counsel
Period of report
Mar 14, 2015
Accepted (ET)
Mar 17, 2015 · 3:17 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 StockF1 | Mar 14, 2015 | M | 10,666 | — | A | 64,161 | D | |
| Common Stock | Mar 14, 2015 | D | 10,666 | $5.82 | D | 53,495 | D | |
| Common StockF2,F3 | Mar 14, 2015 | F | 1,356 | $5.82 | D | 52,139 | 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 | — | Mar 14, 2015 | M | 10,666 | D | — | Mar 14, 2017 | Common Stock | 10,666 | 21,332 | 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 21,350 restricted stock units granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan, with each unit representing a contingent right to receive one share of Issuer's common stock.
- F4The remaining cash-settled RSUs vest in two equal annual installments on each of March 14, 2016 and 2017.