SEC Form 4 · accession 0001209191-16-108872
PERDOCEO EDUCATION Corp · PRDO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald D McCray
Director
Period of report
Mar 14, 2016
Accepted (ET)
Mar 16, 2016 · 4:52 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, 2016 | F | 59,520 | $4.60 | D | 212,099 | D | |
| Common StockF2 | Mar 14, 2016 | M | 8,493 | — | A | 220,592 | D | |
| Common Stock | Mar 14, 2016 | D | 8,493 | $4.60 | D | 212,099 | D | |
| Common StockF3,F4 | Mar 14, 2016 | D | 62,500 | $0.00 | D | 149,599 | 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 RSUF2 | — | Mar 14, 2016 | M | 8,493 | D | Mar 14, 2016 | Mar 14, 2016 | Common Stock | 8,493 | 2,831 | D |
| Cash-Settled RSUF3,F2 | — | Mar 14, 2016 | D | 2,831 | D | Mar 14, 2016 | Mar 14, 2016 | Common Stock | 2,831 | 0 | D |
Explanation of responses
- F1Reflects shares of common stock surrendered to the Company to satisfy tax withholding obligations in connection with the vesting of restricted stock or stock units.
- F2Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.
- F3Reflects forfeiture of a portion of performance-based restricted-stock units.
- F4Includes 14,619 deferred stock units ("DSU") granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan, with each DSU representing a contingent right to receive one share of Issuer's common stock upon Reporting Person's termination of service from the Issuer.