0000899243-16-021589.txt : 20160603 0000899243-16-021589.hdr.sgml : 20160603 20160603114303 ACCESSION NUMBER: 0000899243-16-021589 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160524 FILED AS OF DATE: 20160603 DATE AS OF CHANGE: 20160603 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CAREER EDUCATION CORP CENTRAL INDEX KEY: 0001046568 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 363932190 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 231 N. MARTINGALE ROAD CITY: SCHAUMBURG STATE: IL ZIP: 60173 BUSINESS PHONE: 8477813600 MAIL ADDRESS: STREET 1: 231 N. MARTINGALE ROAD CITY: SCHAUMBURG STATE: IL ZIP: 60173 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Czeszewski David C. CENTRAL INDEX KEY: 0001676168 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-23245 FILM NUMBER: 161694647 MAIL ADDRESS: STREET 1: CAREER EDUCATION CORPORATION STREET 2: 231 N. MARTINGALE ROAD CITY: SCHAUMBURG STATE: IL ZIP: 60173 3 1 doc3.xml FORM 3 SUBMISSION X0206 3 2016-05-24 0 0001046568 CAREER EDUCATION CORP CECO 0001676168 Czeszewski David C. CAREER EDUCATION CORPORATION 231 N. MARTINGALE ROAD SCHAUMBURG IL 60173 0 1 0 0 SVP, CIO Common Stock 86502.8562 D Non-Qualified Stock Option (right to buy) 29.68 2017-03-18 Common Stock 5000 D Non-Qualified Stock Option (right to buy) 5.90 2025-03-06 Common Stock 21704 D Non-Qualified Stock Option (right to buy) 4.49 2026-03-07 Common Stock 51216 D Cash-Settled RSU 2020-03-14 Common Stock 9268 D Cash-Settled RSU 2017-03-14 2017-03-14 Common Stock 6760 D Cash-Settled RSU 2018-03-14 Common Stock 8370 D Cash-Settled RSU 2019-03-14 Common Stock 3063 D Includes a) 12,331 restricted stock units granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan (the "Plan"), with each unit representing the contingent right to receive one share of Issuer's common stock, and b) 56,000 performance-based restricted stock units granted pursuant to the Plan, with each unit representing the contingent right to receive one share of Issuer's common stock. The performance-based units vest 20% on March 14, 2017, 50% on March 14, 2018 and 30% on March 14, 2019, subject to the achievement of certain performance criteria. These non-qualified stock options are fully vested. 5,426 of these non-qualified stock options ("Options") are vested and the remaining 16,278 Options are exercisable in three equal annual installments on each of March 14, 2017, 2018 and 2019. Exercisable in four equal annual installments on each of March 14, 2017, 2018, 2019 and 2020. These cash-settled restricted stock units vest in four equal installments on each of March 14, 2017, 2018, 2019 and 2020. Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock. These cash-settled restricted stock units vest in two equal annual installments on each of March 14, 2017 and 2018. These cash-settled restricted stock units vest in three equal annual installments on each of March 14, 2017, 2018 and 2019. David C. Czeszewski by POA: Gail B. Rago 2016-06-03 EX-24 2 attachment1.htm EX-24 DOCUMENT
POWER OF ATTORNEY

Know all by these presents that the undersigned hereby constitutes and appoints
each of Jeffrey D. Ayers, Greg E. Jansen and Gail B. Rago, signing singly, the
undersigned's true and lawful attorney-in-fact to:

1.   prepare, execute in the undersigned's name and on the undersigned's behalf,
and submit to the United States Securities and Exchange Commission a Form ID,
including amendments thereto, and any other documents necessary or appropriate
to obtain codes, passwords, and passphrases enabling the undersigned to make
electronic filings with the SEC of reports required by Section 16(a) of the
Securities Exchange Act of 1934, as amended, or any rule or regulation of the
SEC;

2.   execute for and on behalf of the undersigned, in the undersigned's capacity
as an officer and/or director of Career Education Corporation ("CEC"), Forms 3,
4 and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934,
as amended, and the rules thereunder;

3.   do and perform any and all acts for and on behalf of the undersigned which
may be necessary or desirable to complete and execute any such Form 3, 4 or 5,
complete and execute any amendment or amendments thereto, and file such form
with the United States Securities and Exchange Commission and any stock exchange
or similar authority; and

4.   take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of such attorney-in-fact, may be of benefit to,
in the best interest of, or legally required by, the undersigned, it being
understood that the documents executed by such attorney-in-fact on behalf of the
undersigned pursuant to this Power of Attorney shall be in such form and shall
contain such terms and conditions as such attorney-in-fact may approve in such
attorney-in-fact's discretion.

The undersigned hereby grants to each such attorney-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary, or proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution or revocation,
hereby ratifying and confirming all that such attorney-in-fact, or such
attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be
done by virtue of this power of attorney and the rights and powers herein
granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in
serving in such capacity at the request of the undersigned, are not assuming any
of the undersigned's responsibilities to comply with Section 16 of the
Securities Exchange Act of 1934, as amended.

This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4 and 5 with respect to the
undersigned's holdings of, and transactions in, CEC securities, unless earlier
revoked by the undersigned in a signed writing delivered to the foregoing
attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed on this 1st day of June, 2016.

Signature

/s/David C. Czeszewski

STATE OF

COUNTY OF ILLINOIS

     On this 1st day of June, 2016, David C. Czeszewski personally appeared
before me, and acknowledged that he executed the foregoing instrument for the
purposes therein contained.

     IN WITNESS WHEREOF, I have hereunto set my hand and official seal.

                /s/ Heidi Heifetz
                Notary Public

                March 29, 2020
                My Commission Expires: