SEC Form 4 · accession 0001209191-16-141633
PERDOCEO EDUCATION Corp · PRDO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd S Nelson
Officer — President & CEO · Director
Period of report
Sep 14, 2016
Accepted (ET)
Sep 15, 2016 · 5:14 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 | Sep 14, 2016 | F | 4,628 | $6.58 | D | 255,940 | D | |
| Common StockF2 | Sep 14, 2016 | M | 260,417 | — | A | 516,357 | D | |
| Common Stock | Sep 14, 2016 | D | 260,417 | $6.58 | D | 255,940 | D | |
| Common StockF2 | Sep 14, 2016 | M | 14,881 | — | A | 270,821 | D | |
| Common StockF3 | Sep 14, 2016 | D | 14,881 | $6.58 | D | 255,940 | 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,F4 | — | Sep 14, 2016 | M | 260,417 | D | — | Sep 14, 2017 | Common Stock | 260,417 | 260,417 | D |
| Cash-Settled RSUF2,F5 | — | Sep 14, 2016 | M | 14,881 | D | — | Sep 14, 2019 | Common Stock | 14,881 | 44,643 | 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.
- F3Includes 245,687 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 cash-settled RSUs vest on September 14, 2017.
- F5The remaining cash-settled RSUs vest in three equal installments on September 14, 2017, 2018 and 2019.