FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 01/21/2011 |
3. Issuer Name and Ticker or Trading Symbol
CAREER EDUCATION CORP [ CECO ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 9,921.2894(1) | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Non-Qualified Stock Option (right to buy) | (2) | 03/12/2018 | Common Stock | 7,500 | $13.32 | D | |
Non-Qualified Stock Option (right to buy) | (2) | 05/16/2012 | Common Stock | 3,000 | $22.07 | D | |
Non-Qualified Stock Option (right to buy) | (3) | 02/24/2019 | Common Stock | 5,182 | $26.15 | D | |
Non-Qualified Stock Option (right to buy) | (4) | 03/02/2020 | Common Stock | 5,592 | $29.02 | D | |
Non-Qualified Stock Option (right to buy) | (2) | 05/18/2013 | Common Stock | 9,000 | $29.35 | D | |
Non-Qualified Stock Option (right to buy) | (2) | 03/18/2017 | Common Stock | 8,000 | $29.68 | D | |
Non-Qualified Stock Option (right to buy) | (2) | 05/17/2016 | Common Stock | 7,500 | $30.8 | D | |
Non-Qualified Stock Option (right to buy) | (2) | 05/19/2015 | Common Stock | 15,000 | $34.7 | D | |
Non-Qualified Stock Option (right to buy) | (2) | 05/20/2014 | Common Stock | 12,000 | $62.56 | D |
Explanation of Responses: |
1. a. 5.2894 shares which were purchased under the Company's Employee Stock Purchase Plan, a Section 423 plan exempt from Section 16(a) and 16(b) ofthe SEC Act of 1934 pursuant to Rule 16b-3(c) ofthe Act. b. 6403 restricted shares granted by the Compensation Committee ofthe Company's Board of Directors. This number represents the maximum number of shares that have or could become vested assuming full satisfaction of all vesting requirements, c. 3513 shares acquired pursuant to vesting of restricted stock awards granted by the Compensation Committee. |
2. Immediately exercisable. |
3. Immediately as to the 1,295 shares ofthe underlying shares of Common Stock and the remaining underlying shares become exercisable in three equal annual installments on February 25, 2011, 2012 and 2013. |
4. Exercisable in four equal annual installments on each of March 3, 2011, 2012, 2013 and 2014. Exhibit List: Exhibit 24 - Power of Attorney |
By: Gail B. Rago, pursuant to POA For: Jeremy J. Wheaton | 01/28/2011 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |