Filing Details
- Accession Number:
- 0001046568-15-000004
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2015-03-10 21:10:00
- Reporting Period:
- 2015-03-06
- Filing Date:
- 2015-03-10
- Accepted Time:
- 2015-03-10 21:10:00
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1046568 | Career Education Corp | CECO | Services-Educational Services (8200) | 363932190 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1316824 | David Jeffrey Ayers | Career Education Corporation 231 N. Martingale Road Schaumburg IL 60173 | Svp, General Counsel | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2015-03-06 | 8,276 | $0.00 | 73,982 | No | 4 | A | Direct | |
| Common Stock | Disposition | 2015-03-06 | 20,487 | $5.97 | 53,495 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | A | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Cash Settled RSU | Acquisiton | 2015-03-06 | 8,276 | $0.00 | 8,276 | $0.00 |
| Common Stock | Non-Qualified Stock Option (right to buy) | Acquisiton | 2015-03-06 | 43,980 | $0.00 | 43,980 | $5.90 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 8,276 | 2019-03-14 | No | 4 | A | Direct | |
| 43,980 | 2025-03-06 | No | 4 | A | Direct |
Footnotes
- Restricted stock units granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan, with each restricted stock unit representing a contingent right to receive one share of common stock. The restricted stock units shall vest in four equal installments on each of March 14, 2016, 2017, 2018 and 2019.
- Includes 25,708 restricted stock units granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan, with each restricted stock unit representing a contingent right to receive one share of the Issuer's common stock.
- Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.
- This grant of cash-settled RSUs was approved by the Compensation Committee of Issuer's Board of Directors on March 6, 2015 pursuant to Issuer's 2008 Incentive Compensation Plan. These cash-settled RSUs vest in four equal installments on March 14, 2016, 2017, 2018 and 2019.
- Exercisable in four equal annual installments on each of March 14, 2016,2017, 2018 and 2019.
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