SEC Form 4 · accession 0001209191-15-065832

PERDOCEO EDUCATION Corp · PRDO

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

Reporting owner

Officer — President & CEO · Director

Period of report

Aug 12, 2015

Accepted (ET)

Aug 13, 2015 · 3:48 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	Aug 12, 2015	A	59,524	$0.00	A	59,524	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Non-Qualified Stock Option (right to buy)^F2	$4.15	Aug 12, 2015	A	250,732	A	—	Aug 12, 2025	Common Stock	250,732	250,732	D
Cash-settled RSU^F3,F4	—	Aug 12, 2015	A	59,524	A	—	Sep 14, 2019	Common Stock	59,524	59,524	D
Cash-settled RSU^F3,F5	—	Aug 12, 2015	A	520,834	A	—	Sep 14, 2017	Common Stock	520,834	520,834	D

F1Restricted stock units granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan (the "2008 Plan"), with each restricted stock unit representing the contingent right to receive one share of Issuer's common stock. The restricted stock units shall vest in four equal annual installments on each of September 14, 2016, 2017, 2018 and 2019.
F2Exercisable in four equal annual installments on each of September 14, 2016, 2017, 2018 and 2019.
F3Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.
F4Cash-settled RSUs granted under the 2008 Plan. These cash-settled RSUs vest in four equal annual installments on each of September 14, 2016, 2017, 2018 and 2019.
F5These cash-settled RSUs vest in two equal annual installments on each of September 14, 2016 and 2017.