SEC Form 4 · accession 0001209191-18-028313
PERDOCEO EDUCATION Corp · PRDO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey David Ayers
Officer — SVP, General Counsel
Period of report
May 3, 2018
Accepted (ET)
May 7, 2018 · 4:23 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 | May 3, 2018 | M | 77,572 | $2.72 | A | 213,714 | D | |
| Common StockF1,F2 | May 3, 2018 | S | 55,956 | $14.00 | D | 157,758 | D | |
| Common StockF1,F3 | May 3, 2018 | S | 13,227 | $14.00 | D | 144,531 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Option (right to buy)F1,F4 | $2.72 | May 3, 2018 | M | 77,572 | D | — | Mar 4, 2023 | Common Stock | 77,572 | 0 | D |
Explanation of responses
- F1The option exercise and sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2018.
- F2This transaction was executed in multiple trades at prices ranging from $14.00 to $14.01. 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 73,503 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 4, 2013 the Reporting Person was granted 77,572 non-qualified stock options. The option grant vested in four installments on March 14, 2014, 2015, 2016 and 2017.