0001104659-17-005546.txt : 20170131
0001104659-17-005546.hdr.sgml : 20170131
20170131201415
ACCESSION NUMBER: 0001104659-17-005546
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170131
FILED AS OF DATE: 20170131
DATE AS OF CHANGE: 20170131
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LAUREATE EDUCATION, INC.
CENTRAL INDEX KEY: 0000912766
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200]
IRS NUMBER: 521492296
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 650 S. EXETER STREET
CITY: BALTIMORE
STATE: MD
ZIP: 21202
BUSINESS PHONE: 4108436100
MAIL ADDRESS:
STREET 1: 650 S. EXETER STREET
CITY: BALTIMORE
STATE: MD
ZIP: 21202
FORMER COMPANY:
FORMER CONFORMED NAME: SYLVAN LEARNING SYSTEMS INC
DATE OF NAME CHANGE: 19930929
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Kaplan Jonathan
CENTRAL INDEX KEY: 0001696358
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38002
FILM NUMBER: 17562756
MAIL ADDRESS:
STREET 1: 650 SOUTH EXETER STREET
CITY: BALTIMORE
STATE: MD
ZIP: 21202
3
1
a3.xml
3
X0206
3
2017-01-31
0
0000912766
LAUREATE EDUCATION, INC.
LAUR
0001696358
Kaplan Jonathan
650 SOUTH EXETER STREET
12TH FLOOR
BALTIMORE
MD
21202
0
1
0
0
President/CEO, Walden Univ.
Class B Common Stock
0.00
Class A Common Stock
14214
D
Employee Stock Option (right to buy)
18.36
2017-10-02
Class B Common Stock
117500
D
Employee Stock Option (right to buy)
22.88
2021-03-18
Class B Common Stock
17500
D
Employee Stock Option (right to buy)
23.20
2023-10-02
Class B Common Stock
74382
D
Employee Stock Option (right to buy)
23.20
2023-10-02
Class B Common Stock
29753
D
Performance Share Units
Class B Common Stock
9412
D
Each share of Class B Common Stock ("Class B Common Stock") of Laureate Education, Inc. (the "Company") is convertible into one share of Class A Common Stock of the Company ("Class A Common Stock") upon the election of the holder or upon transfer, subject to the terms of the Company's Amended and Restated Certificate of Incorporation.
All of these options are exercisable immediately.
59,506 of these options are exercisable immediately. Subject to the reporting person's continued employment, 20% of these options will become exercisable on December 31, 2017.
17,852 of these options are exercisable immediately. Subject to the reporting person's continued employment, (A) 20% will become exercisable if the Company achieves the applicable equity value target determined pursuant to the Company's 2013 Long-Term Incentive Plan (the "Equity Value Target" and the "2013 Plan", respectively) with respect to fiscal year 2016, and (B) 20% will become exercisable if the Company achieves the applicable Equity Value Target with respect to fiscal year 2017.
Each Performance Share Unit ("PSU") represents the right to receive one share of Class B Common Stock. On the vesting date, the reporting person will be issued a corresponding number of shares of Class B Common Stock. Subject to the reporting person's continued employment, (A) one-half (1/2) of these PSUs will vest if the Company achieves the applicable Equity Value Target with respect to fiscal year 2016, and (B) one-half (1/2) will vest if the Company achieves the applicable Equity Value Target with respect to fiscal year 2017.
/s/ Sean P. Mulcahy, Attorney-in-Fact
2017-01-31