0001046568-15-000006.txt : 20150310 0001046568-15-000006.hdr.sgml : 20150310 20150310214523 ACCESSION NUMBER: 0001046568-15-000006 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150306 FILED AS OF DATE: 20150310 DATE AS OF CHANGE: 20150310 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: Jones Diane Auer CENTRAL INDEX KEY: 0001581805 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-23245 FILM NUMBER: 15690936 MAIL ADDRESS: STREET 1: 231 N. MARTINGALE ROAD CITY: SCHAUMBURG STATE: IL ZIP: 60173 4 1 edgardoc.xml PRIMARY DOCUMENT X0306 4 2015-03-06 0 0001046568 CAREER EDUCATION CORP CECO 0001581805 Jones Diane Auer CAREER EDUCATION CORPORATION 231 N. MARTINGALE ROAD SCHAUMBURG IL 60173 0 1 0 0 SVP, Chief Ext Affairs Officer Common Stock 2015-03-06 4 M 0 7116.0 2.72 A 25011 D Common Stock 2015-03-06 4 S 0 7116.0 5.9401 D 17895 D Common Stock 2015-03-06 4 A 0 5100.0 0.0 A 22995 D Common Stock 2015-03-06 4 S 0 3626.0 5.88 D 19369 D Cash Settled RSU 2015-03-06 4 A 0 5100.0 0.0 A 2019-03-14 Common Stock 5100 5100 D Non-Qualified Stock Option (right to buy) 2.72 2015-03-06 4 M 0 7116.0 5.94 D 2023-03-04 Common Stock 7116 21348 D Non-Qualified Stock Option (right to buy) 5.9 2015-03-06 4 A 0 27112.0 0.0 A 2025-03-06 Common Stock 27112 27112 D Restricted stock units granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan, with each restricted stock unit representing a contingent right to receive one share of common stock. The restricted stock units shall vest in four equal installments on each of March 14, 2016, 2017, 2018 and 2019. This transaction was executed in multiple trades at prices ranging from $5.86 to $5.93. The price reported above 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 17,624 restricted stock units granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan, with each restricted stock unit representing a contingent right to receive one share of the Issuer's common stock. Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock. This grant of cash-settled RSUs was approved by the Compensation Committee of Issuer's Board of Directors on March 6, 2015 pursuant to Issuer's 2008 Incentive Compensation Plan. These cash-settled RSUs vest in four equal installments on March 14, 2016, 2017, 2018 and 2019. The remaining 21,348 options vest in three equal installments on March 14, 2015, 2016 and 2017. Exercisable in four equal annual installments on each of March 14, 2016, 2017, 2018 and 2019. By: Greg E. Jansen For: Diane Auer Jones 2015-03-10