SEC Form 4 · accession 0001209191-18-018831

PERDOCEO EDUCATION Corp · PRDO

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

Reporting owner

Officer — SVP, General Counsel

Period of report

Mar 8, 2018

Accepted (ET)

Mar 12, 2018 · 4:02 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 Stock	Mar 8, 2018	M	39,500	$13.32	A	196,472	D
Common Stock^F1,F2,F3	Mar 8, 2018	S	39,141	$13.89	D	157,331	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Non-Qualified Stock Option (right to buy)^F1,F4	$13.32	Mar 8, 2018	M	39,500	D	—	Mar 12, 2018	Common Stock	39,500	0	D

F1The option exercise and sale reported on the Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 11, 2017.
F2This transaction was executed in multiple trades at prices ranging from $13.68 to $14.13. The price reported in Column 4 reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon written request, to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected.
F3Includes 121,924 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.
F4On March 13, 2008 the Reporting Person was granted 39,500 non-qualified stock options. The option grant vested in four installments on March 13, 2009, 2010, 2011 and 2012.