SEC Form 4 · accession 0001209191-18-063066

PERDOCEO EDUCATION Corp · PRDO

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

Reporting owner

Officer — SVP, AIU

Period of report

Dec 14, 2018

Accepted (ET)

Dec 18, 2018 · 8:55 am EST

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
Common Stock^F1	Dec 14, 2018	A	82,521	$0.00	A	190,020	D
Common Stock^F2	Dec 14, 2018	M	4,060	—	A	194,080	D
Common Stock	Dec 14, 2018	D	4,060	$12.64	D	190,020	D
Common Stock^F3,F4	Dec 14, 2018	F	1,503	$12.64	D	188,517	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Cash-Settled RSU^F2,F5	—	Dec 14, 2018	M	4,060	D	—	Dec 14, 2019	Common Stock	4,060	4,060	D

F1Performance-based restricted stock units granted pursuant to the Career Education Corporation 2016 Incentive Compensation Plan, with each unit representing the contingent right to receive one share of Issuer's common stock. This amount represents the maximum possible number of shares that could be issued. These units vest on December 14, 2021, subject to the achievement of certain performance criteria.
F2Each cash-settled RSU is the economic equivalent of one share 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 150,344 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.
F5The remaining cash-settled RSUs vest in one additional installment on December 14, 2019.