0001104659-17-005548.txt : 20170131 0001104659-17-005548.hdr.sgml : 20170131 20170131201515 ACCESSION NUMBER: 0001104659-17-005548 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: Patro Richard J. CENTRAL INDEX KEY: 0001696359 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38002 FILM NUMBER: 17562759 MAIL ADDRESS: STREET 1: 1010 MONAGHAN COURT CITY: TIMONIUM STATE: MD ZIP: 21093 3 1 a3.xml 3 X0206 3 2017-01-31 0 0000912766 LAUREATE EDUCATION, INC. LAUR 0001696359 Patro Richard J. 650 SOUTH EXETER STREET 12TH FLOOR BALTIMORE MD 21202 0 1 0 0 CEO, Global Prods. and Servs. Class B Common Stock 0 Class A Common Stock 13653 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 22500 D Employee Stock Option (right to buy) 23.20 2023-10-02 Class B Common Stock 67302 D Employee Stock Option (right to buy) 23.20 2023-10-02 Class B Common Stock 26921 D Performance Share Units Class B Common Stock 8516 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. 53,841 of these options are exercisable immediately. Subject to the reporting person's continued employment, 20% will become exercisable on December 31, 2017. 16,152 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