SEC Form 4 · accession 0001127602-18-021405

LAUREATE EDUCATION, INC. · LAUR

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

Reporting owner

Juan Jose Hurtado

Officer — SVP Operations

Period of report

Jun 17, 2018

Accepted (ET)

Jun 19, 2018 · 4:42 pm EDT

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 Stock^F1	Jun 17, 2018	A	2,742	$0.00	A	8,206	D
Class A Common Stock	Jun 17, 2018	C	6,713	$0.00	A	14,919	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^F2	—	Jun 17, 2018	M	8,875	D	Jun 17, 2018	—	Class B Common Stock	8,875	0	D
Class B Common Stock^F3	—	Jun 17, 2018	M	8,875	A	—	—	Class A Common Stock	8,875	9,216	D
Class B Common Stock^F3,F4	—	Jun 17, 2018	F	2,162	D	—	—	Class A Common Stock	2,162	7,054	D
Class B Common Stock^F3	—	Jun 17, 2018	C	6,713	D	—	—	Class A Common Stock	6,713	341	D

Explanation of responses

F1Represents the net issuance of shares in connection with the vesting of 3,625 Performance Share Units originally awarded pursuant to a Performance Share Units Notice dated October 25, 2016, the terms of which provide that 3,625 PSUs granted thereunder shall vest upon satisfaction of the performance goals set forth therein. Upon their vesting, the PSUs granted pursuant to the October 2016 award were originally issueable as shares of Class B Common Stock of the Company. The reporting person has previously provided a standing instruction to convert the issueable Class B Shares to Class A Shares upon their issuance. Shares of Class B Common Stock of the Company are convertible to shares of Class A Common Stock upon the written election of the shareholder and otherwise in accordance with the Company's charter. In connection with the PSUs' vesting, 883 shares were withheld to satisfy the reporting person's withholding tax obligations. This amount was determined based upon the closing price on the date immediately prior to the vesting date of $14.63 per share of Class A Common Stock as traded on the NASDAQ Stock Exchange.
F2Each Restricted Stock Unit ("RSU") represents the right to receive one share of Class B Common Stock, as previously reported by the reporting person at footnote 2 of the Form 3 filed on January 11, 2018.
F3Each share of Class B Common Stock of Laureate Education, Inc. (the "Company") is convertible into one share of Class A Common Stock of the Company upon the election of the holder or upon transfer, subject to the terms of the Company's Amended and Restated Certificate of Incorporation.
F4In connection with the RSUs' vesting, 2,162 shares were withheld to satisfy the reporting person's withholding tax obligations. This amount was determined based upon the closing price on the date immediately prior to the vesting date of $14.63 per share of Class A Common Stock as traded on the NASDAQ Stock Exchange.