Home > Insider Trading > Filing (0001209191-18-050063)

Filing Details

Accession Number:: 0001209191-18-050063
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-09-07 16:22:08
Reporting Period:: 2018-09-05

Accepted Time:: 2018-09-07 16:22:08
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
1636156	D Richard Wang	Career Education Corporation 231 N. Martingale Road Schaumburg IL 60173		Yes	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2018-09-05	58,692	$15.48	1,059,966	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2018-09-05	25,255	$15.48	456,087	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2018-09-06	75,509	$15.08	984,457	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2018-09-06	32,491	$15.08	423,596	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2018-09-07	40,588	$15.05	943,869	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2018-09-07	17,465	$15.05	406,131	No	4	S	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	2,928	Direct

Footnotes

This transaction was executed in multiple trades at prices ranging from $15.25 to $15.85. 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.
The securities are held by Tenzing Global Investors Fund I LP, a Delaware limited partnership ("Fund I"). Tenzing Global Management LLC, a Delaware limited liability company ("Tenzing Global Management"), is the investment advisor of Fund I. Richard Wang is the Managing Member of Tenzing Global Management, and may be deemed to share voting and investment power over the shares held of record by Fund I. Mr. Wang disclaims beneficial ownership of all shares held by the foregoing entities except to the extent of his pecuniary interest therein.
The securities are held by accounts managed by Tenzing Global Management on a discretionary basis (the "Parallel Account"). Mr. Wang may be deemed to share voting and investment power over the shares held of record by the Parallel Account. Mr. Wang disclaims beneficial ownership of all shares held by the Parallel Account except to the extent of his pecuniary interest therein.
This transaction was executed in multiple trades at prices ranging from $14.96 to $15.40. 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.
This transaction was executed in multiple trades at prices ranging from $15.00 to $15.11. 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 2,928 deferred stock units (each a "DSU") granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan with each DSU representing a contingent right to receive one share of common stock upon Mr. Wang's termination of service from the Issuer. The DSUs are fully vested.