0001209191-18-018831.txt : 20180312
0001209191-18-018831.hdr.sgml : 20180312
20180312160225
ACCESSION NUMBER: 0001209191-18-018831
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180308
FILED AS OF DATE: 20180312
DATE AS OF CHANGE: 20180312
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ayers Jeffrey David
CENTRAL INDEX KEY: 0001316824
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-23245
FILM NUMBER: 18683377
MAIL ADDRESS:
STREET 1: 231 N. MARTINGALE ROAD
CITY: SCHAUMBURG
STATE: IL
ZIP: 60173
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
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2018-03-08
0
0001046568
CAREER EDUCATION CORP
CECO
0001316824
Ayers Jeffrey David
CAREER EDUCATION CORPORATION
231 N. MARTINGALE ROAD
SCHAUMBURG
IL
60173
0
1
0
0
SVP, General Counsel
Common Stock
2018-03-08
4
M
0
39500
13.32
A
196472
D
Common Stock
2018-03-08
4
S
0
39141
13.89
D
157331
D
Non-Qualified Stock Option (right to buy)
13.32
2018-03-08
4
M
0
39500
0.00
D
2018-03-12
Common Stock
39500
0
D
The option exercise and sale reported on the Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 11, 2017.
This transaction was executed in multiple trades at prices ranging from $13.68 to $14.13. The price reported 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 121,924 restricted stock units granted pursuant to the Career Education Corporation 2008 or 2016 Incentive Compensation Plans, with each unit representing the contingent right to receive one share of Issuer's common stock.
On March 13, 2008 the Reporting Person was granted 39,500 non-qualified stock options. The option grant vested in four installments on March 13, 2009, 2010, 2011 and 2012.
/s/Jeffrey D. Ayers
2018-03-12