0001209191-15-077065.txt : 20151028
0001209191-15-077065.hdr.sgml : 20151028
20151028123146
ACCESSION NUMBER: 0001209191-15-077065
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20151019
FILED AS OF DATE: 20151028
DATE AS OF CHANGE: 20151028
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: Hurst Andrew
CENTRAL INDEX KEY: 0001656766
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-23245
FILM NUMBER: 151179579
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
2015-10-19
0
0001046568
CAREER EDUCATION CORP
CECO
0001656766
Hurst Andrew
CAREER EDUCATION CORPORTION
231 N. MARTINGALE ROAD
SCHAUMBURG
IL
60173
0
1
0
0
SVP
Common Stock
25758
D
Non-Qualified Stock-Option (Right to Buy)
5.00
2024-05-12
Common Stock
22806
D
Non-Qualified Stock-Option (Right to Buy)
5.90
2025-03-06
Common Stock
23704
D
Cash-Settled RSU
2018-06-14
Common Stock
10977
D
Cash-Settled RSU
2019-03-14
Common Stock
4460
D
Stock-Settled RSU
2018-06-14
Common Stock
13593
D
Includes 15,437 restricted stock units ("RSUs") granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan, with each unit representing a contingent right to receive one share of Issuer's common stock.
One-fourth of the award became exercisable on June 14, 2015; the remainder becomes exercisable in three equal annual installments on each of June 14, 2016, 2017 and 2018.
Exercisable in four equal annual installments on each of March 14, 2016, 2017, 2018 and 2019.
Vest in three equal annual installments on each of June 14, 2016, 2017 and 2018.
Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.
Vest in four equal annual installments on each of March 14, 2016, 2017, 2018 and 2019.
Each stock-settled RSU represents a contingent right to receive one share of Issuer's common stock; however, in the event of an involuntary termination of employment by the Company (other than for cause), any unvested stock-settled RSUs will be settled in cash based on the preceding 30-day average closing price of Issuer's common stock.
Gail B. Rago as Power of Attorney for: Andrew H. Hurst
2015-10-28
EX-24.3_611572
2
poa.txt
POA 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 22nd day of October, 2015.
/s/Andrew H. Hurst
Signature
Andrew H. Hurst
Name
On this 22nd day of October, 2015, Andrew Hurst, personally known to me,
acknowledged that he executed the foregoing instrument for the purposes therein
contained.
IN WITNESS WHEREOF, I have hereunto set my hand and official seal.
Heidi Heifetz
Notary Public
My Commission Expires: 3/28/2016