SEC Form 4 · accession 0001209191-15-053877
PERDOCEO EDUCATION Corp · PRDO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lysa A Clemens
Officer — SVP
Period of report
Jun 14, 2014
Accepted (ET)
Jun 16, 2015 · 5:01 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 | Jun 14, 2014 | M | 11,569 | — | A | 42,622 | D | |
| Common Stock | Jun 14, 2014 | D | 11,569 | $4.83 | D | 31,053 | D | |
| Common StockF1 | Jun 14, 2015 | M | 11,569 | — | A | 42,622 | D | |
| Common StockF2 | Jun 14, 2015 | D | 11,569 | $4.01 | D | 31,053 | 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,F3 | — | Jun 14, 2014 | M | 11,569 | D | — | Jun 14, 2017 | Common Stock | 11,569 | 34,708 | D |
| Cash-Settled RSUF1,F4 | — | Jun 14, 2015 | M | 11,569 | D | — | Jun 14, 2017 | Common Stock | 11,569 | 23,139 | D |
Explanation of responses
- F1Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.
- F2Included 24,626 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.
- F3The remaining Cash-Settled RSUs vest in three annual installments on June 14, 2015, 2016 and 2017.
- F4The remaining Cash-Settled RSUs vest in two annual installments: 11,569 units on June 14, 2016 and 11,570 units on June 14, 2017.