SEC Form 4 · accession 0001209191-15-079074
PERDOCEO EDUCATION Corp · PRDO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Robert Kline
Officer — SVP
Period of report
Nov 6, 2015
Accepted (ET)
Nov 9, 2015 · 2:57 pm 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 | Nov 6, 2015 | A | 16,240 | $0.00 | A | 16,240 | D |
Table II — derivative securities
| 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 | $4.07 | Nov 6, 2015 | A | 56,648 | A | — | Nov 6, 2025 | Common Stock | 56,648 | 56,648 | D |
| Cash-Settled RSUF3,F4 | — | Nov 6, 2015 | A | 16,240 | A | — | Dec 14, 2019 | Common Stock | 16,240 | 16,240 | D |
Explanation of responses
- F1Restricted 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. The restricted stock units shall vest in four equal installments on each of December 14, 2016, 2017, 2018 and 2019.
- F2Exercisable in four equal annual installments on each of December 14, 2016, 2017, 2018 and 2019.
- 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 November 6, 2015 pursuant to the Career Education Corporation 2008 Incentive Compensation Plan. The cash-settled RSUs shall vest in four equal installments on each of December 14, 2016, 2017, 2018 and 2019.