SEC Form 4 · accession 0001209191-17-040229
PERDOCEO EDUCATION Corp · PRDO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew J Cederoth
Officer — SVP and CFO
Period of report
Jun 14, 2017
Accepted (ET)
Jun 15, 2017 · 5:42 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, 2017 | M | 2,544 | — | A | 23,812 | D | |
| Common Stock | Jun 14, 2017 | D | 2,544 | $9.80 | D | 21,268 | D | |
| Common StockF2,F3 | Jun 14, 2017 | F | 792 | $9.80 | D | 20,476 | 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, 2017 | M | 2,544 | D | — | Jun 14, 2020 | Common Stock | 2,544 | 7,632 | 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 Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock or stock units.
- F3Includes 18,724 restricted stock units granted pursuant to the Career Education Corporation 2008 or 2016 Incentive Compensation Plans, with each unit representing the contingent right to receive one share of Issuer's common stock.
- F4The remaining cash-settled RSUs vest in three additional installments on June 14, 2018, 2019 and 2020.