Filing Details
- Accession Number:
- 0001209191-18-028313
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-05-07 16:23:10
- Reporting Period:
- 2018-05-03
- Accepted Time:
- 2018-05-07 16:23:10
- 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 | 2018-05-03 | 77,572 | $2.72 | 213,714 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-05-03 | 55,956 | $14.00 | 157,758 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2018-05-03 | 13,227 | $14.00 | 144,531 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Non-Qualified Option (right to buy) | Disposition | 2018-05-03 | 77,572 | $0.00 | 77,572 | $2.72 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2023-03-04 | No | 4 | M | Direct |
Footnotes
- The option exercise and sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2018.
- This transaction was executed in multiple trades at prices ranging from $14.00 to $14.01. The price reported 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.
- Includes 73,503 restricted stock units granted pursuant to the Career Education Corporation 2008 or 2016 Incentive Compensation Plans, with each unit representing the contingent right to receive one share of Issuer's common stock.
- On March 4, 2013 the Reporting Person was granted 77,572 non-qualified stock options. The option grant vested in four installments on March 14, 2014, 2015, 2016 and 2017.
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