SEC Form 4/A · accession 0001127602-17-027525
LAUREATE EDUCATION, INC. · LAUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Karl D. Salnoske
Officer — Chief Information Officer
Period of report
Jun 14, 2017
Accepted (ET)
Sep 15, 2017 · 6:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000912766
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1,F2 | $17.89 | Jun 14, 2017 | A | 3,081 | A | — | Jun 14, 2027 | Class A Common Stock | 3,081 | 3,081 | D |
| Employee Stock Option (right to buy)F4,F3,F2 | $17.89 | Jun 14, 2017 | A | 6,024 | A | — | Jun 14, 2027 | Class A Common Stock | 6,024 | 9,105 | D |
Explanation of responses
- F1Subject to the reporting person's continued employment with the Company, these options will become exercisable in three equal annual installments beginning on December 31, 2017.
- F2The options reported herein were previously reported on the Reporting Person's Form 4 filed on 6/16/2017. That Form 4 omitted the options' expiration date which is being added by this amendment.
- F3On June 14, 2017 the reporting person was granted options to purchase 6,024 shares of Class A Common Stock. Subject to the reporting person's continued employment with the Company (A) one-third of the options will become exercisable if the Company achieves the applicable adjusted EBITDA target in accordance with the Company's 2013 Long-Term Incentive Plan and pursuant to the applicable award agreement (the "Adjusted EBITDA Target") with respect to fiscal year 2018, and (B) two-thirds of the options will become exercisable if the Company achieves the Adjusted EBITDA Target with respect to fiscal year 2019.
- F4Includes 3,081 options that become exercisable in equal annual installments beginning on December 31, 2017, as described in footnote 1 above and 6,024 options that become exercisable if the Company achieves the applicable Adjusted EBITDA Target with respect to fiscal year 2018 and fiscal year 2019, as described in footnote 3.