SEC Form 4 · accession 0001209191-16-107043

PERDOCEO EDUCATION Corp · PRDO

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

Reporting owner

Officer — SVP, Chief Compliance Officer

Period of report

Mar 7, 2016

Accepted (ET)

Mar 8, 2016 · 5:10 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 Stock^F1,F2	Mar 7, 2016	A	6,960	$0.00	A	17,048	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 7, 2016	A	6,960	A	—	Mar 14, 2020	Common Stock	6,960	6,960	D
Non-Qualified Stock Option (right to buy)^F5	$4.49	Mar 7, 2016	A	38,760	A	—	Mar 7, 2026	Common Stock	38,760	38,760	D

F1Restricted stock units granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan, with each unit representing the contingent right to receive one share of Issuer's common stock. The restricted stock units shall vest in four equal installments on each of March 14, 2017, 2018, 2019 and 2020.
F2Includes 15,981 restricted stock units granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan, with each unit representing the contingent right to receive one share of 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 7, 2016 pursuant to the Career Education Corporation 2008 Incentive Compensation Plan. The cash-settled RSUs shall vest in four equal installments on each of March 14, 2017, 2018, 2019 and 2020.
F5Exercisable in four equal installments on each of March 14, 2017, 2018, 2019 and 2020.