SEC Form 4 · accession 0001209191-16-128174
PERDOCEO EDUCATION Corp · PRDO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Hurst
Officer — SVP, CTU
Period of report
Jun 14, 2016
Accepted (ET)
Jun 16, 2016 · 4:12 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, 2016 | M | 3,659 | — | A | 109,278 | D | |
| Common Stock | Jun 14, 2016 | D | 3,659 | $5.70 | D | 105,619 | D | |
| Common StockF1 | Jun 14, 2016 | M | 4,531 | — | A | 110,150 | D | |
| Common StockF2 | Jun 14, 2016 | F | 1,410 | $5.70 | D | 108,740 | D | |
| Common StockF2,F3 | Jun 14, 2016 | F | 1,138 | $5.70 | D | 107,602 | 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,F4 | — | Jun 14, 2016 | M | 3,659 | D | — | Jun 14, 2018 | Common Stock | 3,659 | 7,318 | D |
| Stock-Settled RSUF1,F4 | — | Jun 14, 2016 | M | 4,531 | D | — | Jun 14, 2018 | Common Stock | 4,531 | 9,062 | D |
Explanation of responses
- F1Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.
- F2Reflects shares of common stock surrendered to the Company to satisfy tax withholding obligations in connection with the vesting of restricted stock or stock units.
- F3Includes 90,871 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.
- F4The remaining RSUs vest in two equal installments on June 14, 2017 and 2018.