SEC Form 4 · accession 0001127602-18-000742
LAUREATE EDUCATION, INC. · LAUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ricardo M. Berckemeyer
Officer — Chief Operating Officer
Period of report
Dec 31, 2017
Accepted (ET)
Jan 3, 2018 · 5:38 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000912766
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Dec 31, 2017 | M | 10,417 | — | A | 10,417 | D | |
| Class A Common Stock | Dec 31, 2017 | F | 5,099 | $13.59 | D | 5,318 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F1 | — | Dec 31, 2017 | M | 10,417 | D | — | — | Class A Common Stock | 10,417 | 20,833 | D |
Explanation of responses
- F1Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Class A Common Stock ("Class A Common Stock") of Laureate Education, Inc. (the "Company").
- F2Shares withheld from RSU vesting in satisfaction of tax obligations based on closing price of $13.59 on December 28, 2017 of the Company's Class A Common Stock as traded on the NASDAQ stock exchange.
- F3On June 14, 2017, the reporting person was granted 31,250 restricted stock units, vesting in one-third annual installments on each of December 31, 2017, December 31, 2018, and December 31, 2019, subject to the reporting person's continued employment by the Company.
Remarks
Effective as of January 1, 2018, the Reporting Person assumed the title and positions of President and Chief Operating Officer.