0001104659-17-024561.txt : 20170419 0001104659-17-024561.hdr.sgml : 20170419 20170419180558 ACCESSION NUMBER: 0001104659-17-024561 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170417 FILED AS OF DATE: 20170419 DATE AS OF CHANGE: 20170419 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: Salnoske Karl D. CENTRAL INDEX KEY: 0001696028 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38002 FILM NUMBER: 17770907 MAIL ADDRESS: STREET 1: 8275 ALVORD STREET CITY: MCLEAN STATE: VA ZIP: 22102 4 1 a4.xml 4 X0306 4 2017-04-17 0 0000912766 LAUREATE EDUCATION, INC. LAUR 0001696028 Salnoske Karl D. 650 S. EXETER STREET 12TH FLOOR BALTIMORE MD 21202 0 1 0 0 Chief Information Officer Performance Share Units 2017-04-17 4 M 0 421 0 D Class B Common Stock 421 842 D Performance Share Units 2017-04-17 4 M 0 844 0 D Class B Common Stock 844 1266 D Class B Common Stock 2017-04-17 4 M 0 1265 0 A Class B Common Stock 1265 2466 D Class B Common Stock 2017-04-17 4 F 0 419 14.60 D Class A Common Stock 419 2047 D Each Performance Share Unit ("PSU") represents the right to receive one share of Class B Common Stock ("Class B Common Stock") of Laureate Education, Inc. (the "Company"). As previously reported in footnote 6 on the Form 3 filed by the reporting person with the U.S. Securities and Exchange Commission (the "SEC") on January 31, 2017, 421 PSUs vested on April 17, 2017 (the "Vesting Date") upon the achievement by the Company of the applicable Equity Value Target with respect to fiscal year 2016. Subject to the reporting person's continued employment with the Company, an additional 842 PSUs are eligible to vest in equal tranches of 421 PSUs if the Company achieves the applicable Equity Value Target with respect to fiscal years 2017 and 2018. As previously reported in footnote 7 on the Form 3 filed by the reporting person with the SEC on January 31, 2017, 844 PSUs vested on the Vesting Date upon the achievement by the Company of the applicable Equity Value Targets with respect to fiscal years 2015 and 2016 (both as determined after publication of the fiscal year 2016 audited financials). Subject to the reporting person's continued employment with the Company, an additional 1,266 PSUs are eligible to vest in equal tranches of 422 PSUs if the Company achieves the applicable Equity Value Target with respect to fiscal years 2017, 2018 and 2019. Each share of the Company's Class B Common Stock is convertible into one share of the Company's Class A Common Stock ("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. On the trading day immediately prior to the Vesting Date, the closing price of one share of the Company's Class A Common Stock traded on the NASDAQ Stock Exchange was $14.60. On April 17, 2017, 419 shares of the Company's Class B Common Stock otherwise issuable upon the vesting of the PSUs were forfeited to pay the applicable withholding taxes due in connection with the PSUs' vesting. /s/ Sean P. Mulcahy, Attorney-in-Fact 2017-04-19