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