Filing Details

Accession Number:
0001046568-15-000006
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-03-10 21:45:23
Reporting Period:
2015-03-06
Filing Date:
2015-03-10
Accepted Time:
2015-03-10 21:45:23
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
1581805 Auer Diane Jones Career Education Corporation
231 N. Martingale Road
Schaumburg IL 60173
Svp, Chief Ext Affairs Officer 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 7,116 $2.72 25,011 No 4 M Direct
Common Stock Disposition 2015-03-06 7,116 $5.94 17,895 No 4 S Direct
Common Stock Acquisiton 2015-03-06 5,100 $0.00 22,995 No 4 A Direct
Common Stock Disposition 2015-03-06 3,626 $5.88 19,369 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
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 5,100 $0.00 5,100 $0.00
Common Stock Non-Qualified Stock Option (right to buy) Disposition 2015-03-06 7,116 $5.94 7,116 $2.72
Common Stock Non-Qualified Stock Option (right to buy) Acquisiton 2015-03-06 27,112 $0.00 27,112 $5.90
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
5,100 2019-03-14 No 4 A Direct
21,348 2023-03-04 No 4 M Direct
27,112 2025-03-06 No 4 A Direct
Footnotes
  1. 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.
  2. This transaction was executed in multiple trades at prices ranging from $5.86 to $5.93. The price reported above in Column 4 reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon written request, to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected.
  3. Includes 17,624 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.
  4. Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.
  5. 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.
  6. The remaining 21,348 options vest in three equal installments on March 14, 2015, 2016 and 2017.
  7. Exercisable in four equal annual installments on each of March 14, 2016,2017, 2018 and 2019.