SEC Form 4 · accession 0001127602-19-000669
LAUREATE EDUCATION, INC. · LAUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ricardo M. Berckemeyer
Officer — President & COO
Period of report
Dec 31, 2018
Accepted (ET)
Jan 3, 2019 · 4:18 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, 2018 | M | 10,417 | — | A | 86,043 | D | |
| Class A Common Stock | Dec 31, 2018 | F | 4,828 | $14.82 | D | 81,215 | D | |
| Class A Common Stock | Dec 31, 2018 | F | 5,667 | $14.82 | D | 75,548 | 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 UnitsF4,F1 | — | Dec 31, 2018 | M | 10,417 | D | — | — | Class A Common Stock | 10,417 | 10,416 | D |
Explanation of responses
- F1Upon vesting, Restricted Stock Units convert into Class A Common Stock on a one-for-one basis, for no additional cash consideration
- F2Shares withheld from vesting of Restricted Stock Units originally granted on June 14, 2017 in satisfaction of tax obligations based on closing price of $14.82 on December 28, 2018 of the Company's Class A Common Stock as traded on the NASDAQ stock exchange.
- F3Shares withheld from vesting of Restricted Stock Units originally granted on March 7, 2018 (having been previously reported as shares of Class A Common Stock on the reporting person's Form 4 filed on March 9, 2018) in satisfaction of tax obligations based on closing price of $14.82 on December 28, 2018 of the Company's Class A Common Stock as traded on the NASDAQ stock exchange. These RSUs are vesting in three equal annual installments on each of December 31, 2018, December 31, 2019, and December 31, 2020, subject to the reporting person's continued employment with the Company.
- F4On June 14, 2017, the reporting person was granted 31,250 restricted stock units, vesting without payment of cash consideration 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 Laureate Education, Inc.