SEC Form 4 · accession 0001209191-18-038041
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, 2018
Accepted (ET)
Jun 15, 2018 · 4:20 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, 2018 | M | 3,659 | — | A | 121,519 | D | |
| Common Stock | Jun 14, 2018 | D | 3,659 | $16.11 | D | 117,860 | D | |
| Common StockF2 | Jun 14, 2018 | M | 4,531 | — | A | 122,391 | D | |
| Common StockF3 | Jun 14, 2018 | F | 1,621 | $16.11 | D | 120,770 | D | |
| Common StockF3,F4 | Jun 14, 2018 | F | 2,008 | $16.11 | D | 118,762 | 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 | — | Jun 14, 2018 | M | 3,659 | D | Jun 14, 2018 | Jun 14, 2018 | Common Stock | 3,659 | 0 | D |
| Stock-Settled RSUF2 | — | Jun 14, 2018 | M | 4,531 | D | Jun 14, 2018 | Jun 14, 2018 | Common Stock | 4,531 | 0 | D |
Explanation of responses
- F1Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.
- F2Each stock-settled RSU represents the contingent right to receive one share of Issuer's common stock; however, in the event of an involuntary termination of employment by the Company (other than for cause), any unvested stock-settled RSUs will be settled in cash based on the preceding 30-day average closing price of Issuer's common stock.
- F3Reflects shares of common stock surrendered to the Company to satisfy tax withholding obligations in connection with the vesting of restricted stock or stock units.
- F4Includes 64,191 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.