Filing Details
- Accession Number:
- 0001415889-22-002901
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-03-11 17:17:07
- Reporting Period:
- 2022-03-09
- Accepted Time:
- 2022-03-11 17:17:07
- 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 |
|---|---|---|---|---|---|---|---|
| 1292178 | Eilif Serck-Hanssen | C/O Laureate Education, Inc. 78 S.w. 7Th Street, Suite 900 Miami FL 33130 | President & Ceo | No | No | 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 | 2022-03-09 | 173,761 | $9.85 | 843,775 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2022-03-09 | 173,761 | $12.01 | 670,014 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2022-03-10 | 81,015 | $9.85 | 751,029 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2022-03-10 | 81,015 | $12.05 | 670,014 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2022-03-09 | 125,057 | $0.00 | 125,057 | $9.85 |
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2022-03-09 | 48,704 | $0.00 | 48,704 | $9.85 |
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2022-03-10 | 56,926 | $0.00 | 56,926 | $9.85 |
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2022-03-10 | 24,089 | $0.00 | 24,089 | $9.85 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 56,926 | 2023-10-02 | No | 4 | M | Direct | |
| 24,089 | 2023-10-02 | No | 4 | M | Direct | |
| 0 | 2023-10-02 | No | 4 | M | Direct | |
| 0 | 2023-10-02 | No | 4 | M | Direct |
Footnotes
- The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on November 23, 2021 with respect to two option grants expiring on October 2, 2023.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.07, inclusive. The reporting person undertakes to provide to Laureate Education, Inc., any security holder of Laureate Education, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.165, inclusive.
- In connection with special cash distributions declared on September 15, 2021 and December 3, 2021, the Board approved certain required adjustments under the Company's equity award compensation plans, pursuant to which the exercise price of the Company's outstanding stock options were reduced by $7.01 and $0.58 per share, respectively.
- The option vested in substantially equal installments on December 31, 2013, 2014, 2015, 2016 and 2017.
- The option vested in substantially equal installments on December 31, 2013, 2014, 2015 and 2017 and April 15, 2018.
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