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Filing Details

Accession Number:: 0001104659-19-050306
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-09-16 20:02:09
Reporting Period:: 2019-09-12

Accepted Time:: 2019-09-16 20:02:09
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
912766	Laureate Education Inc.	LAUR	Services-Educational Services (8200)	521492296

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1011193	Christopher Ruldolf Saric Hoehn	C/O Sterling Partners, 401 N. Michigan Avenue, Suite 3300 Chicago IL 60611		Yes	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2019-09-12	406,947	$0.00	406,947	No	4	C	Indirect	By Wengen Alberta, Limited Partnership
Class A Common Stock	Disposition	2019-09-12	406,947	$16.72	0	No	4	S	Indirect	By Wengen Alberta, Limited Partnership
Class A Common Stock	Acquisiton	2019-09-12	997,654	$0.00	997,654	No	4	C	Indirect	By Wengen Alberta, Limited Partnership
Class A Common Stock	Disposition	2019-09-12	997,654	$16.72	0	No	4	S	Indirect	By Wengen Alberta, Limited Partnership

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	By Wengen Alberta, Limited Partnership
No	4	S	Indirect	By Wengen Alberta, Limited Partnership
No	4	C	Indirect	By Wengen Alberta, Limited Partnership
No	4	S	Indirect	By Wengen Alberta, Limited Partnership

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Disposition	2019-09-12	406,947	$0.00	406,947	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2019-09-12	997,654	$0.00	997,654	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
911,707			No	4	C	Indirect
2,235,103			No	4	C	Indirect

Footnotes

Represents the number of shares that were acquired upon conversion of Class B Common Stock to Class A Common Stock.
The shares of Class A Common Stock were sold in an underwritten public offering in which Wengen Alberta, Limited Partnership ("Wengen") was the sole selling stockholder.
Each share of Class B Common Stock of Laureate Education, Inc. (the "Issuer") is convertible into one share of Class A Common Stock upon the election of the holder or upon transfer, subject to the terms of the Issuer's Amended and Restated Certificate of Incorporation.
An aggregate of 406,947 shares of Class B common stock converted automatically into 406,947 shares of Class A common stock upon transfer to the underwriter in connection with the public offering.
An aggregate of 997,654 shares of Class B common stock converted automatically into 997,654 shares of Class A common stock upon transfer to the underwriter in connection with the public offering.
Represents shares held directly by Wengen. Wengen Investments Limited ("Wengen GP") is the general partner of Wengen. Certain investors, including, but not limited to, certain investment funds and other persons affiliated with or managed by Kohlberg Kravis Roberts & Co. L.P., CPV Partners, LLC, StepStone Group LP, Sterling Fund Management, LLC and Snow Phipps Group, LLC (collectively, the "Wengen Investors"), have interests in the Issuer through Wengen. Affiliates of the Reporting Person and the other Wengen Investors have designated representatives who serve as members of the board of directors of Wengen GP.
Represents shares that Sterling Capital Partners II, L.P. ("SCP II LP") may be deemed to indirectly beneficially own by virtue of its limited partnership interest in Wengen. SC Partners II, L.P. ("SC Partners II") is the general partner of SCP II LP, and Sterling Capital Partners II, LLC ("SCP II LLC") is the general partner of SC Partners II. Douglas L. Becker, the Reporting Person and R. Christopher Hoehn-Saric are the managers of SCP II LLC, but, as memorialized in a memorandum of understanding, Mr. Becker does not share voting or investment power over these shares.
Represents shares that Sterling Capital Partners III, L.P. ("SCP III LP") may be deemed to indirectly beneficially own by virtue of its limited partnership interest in Wengen. SC Partners III, L.P. ("SC Partners III") is the general partner of SCP III LP, and Sterling Capital Partners III, LLC ("SCP III LLC," and, collectively with SCP III LP and SC Partners III, the "Reporting Persons") is the general partner of SC Partners III. Douglas L. Becker, Steven M. Taslitz and R. Christopher Hoehn-Saric are the managers of SCP III LLC, but, as memorialized in a memorandum of understanding, Mr. Becker does not share voting or investment power over these shares.
The shares of Class B Common Stock shown as beneficially owned in this report do not include other shares beneficially owned directly or indirectly, through Wengen or otherwise, by the Reporting Person.
The Reporting Person disclaims beneficial ownership of these securities except to the extent of the Reporting Person's pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.