0001046568-15-000011.txt : 20150311
0001046568-15-000011.hdr.sgml : 20150311
20150311134601
ACCESSION NUMBER: 0001046568-15-000011
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150306
FILED AS OF DATE: 20150311
DATE AS OF CHANGE: 20150311
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: MCCRAY RONALD D
CENTRAL INDEX KEY: 0001239575
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-23245
FILM NUMBER: 15692011
4
1
edgardoc.xml
PRIMARY DOCUMENT
X0306
4
2015-03-06
0
0001046568
CAREER EDUCATION CORP
CECO
0001239575
MCCRAY RONALD D
CAREER EDUCATION CORPORATION
231 N. MARTINGALE ROAD
SCHAUMBURG
IL
60173
1
1
0
0
Interim Pres. & CEO
Common Stock
2015-03-06
4
A
0
250000.0
0.0
A
266619
D
Cash Settled RSU
2015-03-06
4
A
0
11324.0
0.0
A
2016-03-14
Common Stock
11324
11324
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 on March 14, 2016 based on the level of achievement of an EBITDA performance measure and the number of restricted stock units eligible for vesting will be based on the length of Reporting Person's tenure as Interim President and CEO.
Includes 250,000 restricted stock units ("RSU") and 14,619 deferred stock units ("DSU") granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan, with each RSU representing a contingent right to receive one share of the Issuer's common stock and each DSU representing a contingent right to receive one share of Issuer's common stock upon Reporting Person's termination of service from the Issuer.
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. These cash-settled RSUs vest on March 14, 2016 based on the level of achievement of an EBITDA performance measure and the number of restricted stock units eligible for vesting will be based on the length of Reporting Person's tenure as Interim President and CEO.
By: Jeffrey D. Ayers For: Ronald D. McCray
2015-03-11