Page 5 of 9 – SEC Filing EXPLANATORY NOTE
This Amendment No. 9 to Schedule 13D (the Amendment) is being
filed with respect to the Reporting Persons beneficial ownership in DeVry
Education Group Inc. (DeVry or the Issuer). This amendment supplements the
Schedule D as previously filed on June 22, 2016 (as amended, the Schedule
13D). Each Item below amends and supplements the information disclosed under
the corresponding Item of the Schedule 13D. Unless otherwise indicated herein,
capitalized terms used but not defined in this Amendment shall have the same
meaning herein as are ascribed to such terms in Schedule 13D.
Item 5. Interest in Securities of the Issuer
Item 5 a. and b. is hereby amended and restated as follows:
The aggregate percentage of Share reportedly owned by each
person named herein is based upon 62,623,000 Shares outstanding, as of October
27, 2016 and reported in the Issuers Form 10-K filed on November 2, 2016.
1. IVA
a) As of December 22, 2016, 4,390,528 Shares in aggregate were deemed to be beneficially owned by IVA, as the investment manager to i) WORLD which owns 2,689,761 Shares constituting 4.3% of the Issuer’s outstanding Shares, ii) IVAGMF which owns 194,425 Shares constituting 0.3 % of the Issuer’s outstanding Shares, iii) SICAV which owns 319,273 Shares constituting 0.5% of the Issuer’s outstanding Shares, and iv) the Managed Accounts which own 1,187,069 Shares constituting 1.9% of the Issuer’s outstanding Shares.
Percentage: 7.0%
b) Sole power to vote or direct the vote: 0
Shared power to vote or direct the vote: 4,086,702
Sole power to dispose or direct the disposition: 0
Shared power to
dispose or direct the disposition: 4,390,528
2. Charles de Vaulx
a) Mr. De Vaulx, as the CIO and managing member of IVA, may
be deemed the beneficial owner of 4,390,528 Shares owned by the Funds and
the Managed Accounts.
Percentage: 7.0%
b) Sole power to vote or direct the vote: 0
Shared power to vote or direct the vote: 4,086,702
Sole power to dispose or direct the disposition: 0
Shared power to
dispose or direct the disposition: 4,390,528
3. Chuck de Lardemelle
a) Mr. de Lardemelle, as a PM and managing member of IVA,
may be deemed the beneficial owner of 4,390,528 Shares owned by the Funds
and the Managed Accounts.
Percentage: 7.0%
b) Sole power to vote or direct the vote: 0
Shared power
to vote or direct the vote: 0
Sole power to dispose or direct the
disposition: 0
Shared power to dispose or direct the disposition:
4,390,528
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EXPLANATORY NOTE
This Amendment No. 9 to Schedule 13D (the Amendment) is being
filed with respect to the Reporting Persons beneficial ownership in DeVry
Education Group Inc. (DeVry or the Issuer). This amendment supplements the
Schedule D as previously filed on June 22, 2016 (as amended, the Schedule
13D). Each Item below amends and supplements the information disclosed under
the corresponding Item of the Schedule 13D. Unless otherwise indicated herein,
capitalized terms used but not defined in this Amendment shall have the same
meaning herein as are ascribed to such terms in Schedule 13D.
Item 5. Interest in Securities of the Issuer
Item 5 a. and b. is hereby amended and restated as follows:
The aggregate percentage of Share reportedly owned by each
person named herein is based upon 62,623,000 Shares outstanding, as of October
27, 2016 and reported in the Issuers Form 10-K filed on November 2, 2016.
| 1. | IVA | ||
| a) | As of December 22, 2016, 4,390,528 Shares in aggregate were deemed to be beneficially owned by IVA, as the investment manager to i) WORLD which owns 2,689,761 Shares constituting 4.3% of the Issuer’s outstanding Shares, ii) IVAGMF which owns 194,425 Shares constituting 0.3 % of the Issuer’s outstanding Shares, iii) SICAV which owns 319,273 Shares constituting 0.5% of the Issuer’s outstanding Shares, and iv) the Managed Accounts which own 1,187,069 Shares constituting 1.9% of the Issuer’s outstanding Shares. | ||
| Percentage: 7.0% | |||
| b) | Sole power to vote or direct the vote: 0 | ||
| Shared power to vote or direct the vote: 4,086,702 | |||
| 2. | Charles de Vaulx | ||
| a) | Mr. De Vaulx, as the CIO and managing member of IVA, may | ||
| Percentage: 7.0% | |||
| b) | Sole power to vote or direct the vote: 0 | ||
| Shared power to vote or direct the vote: 4,086,702 | |||
| 3. | Chuck de Lardemelle | ||
| a) | Mr. de Lardemelle, as a PM and managing member of IVA, | ||
| Percentage: 7.0% | |||
| b) | Sole power to vote or direct the vote: 0 | ||
| Shared power to dispose or direct the disposition: | |||
