0001104659-17-024568.txt : 20170419
0001104659-17-024568.hdr.sgml : 20170419
20170419180858
ACCESSION NUMBER: 0001104659-17-024568
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: Daniels Timothy F.
CENTRAL INDEX KEY: 0001696068
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38002
FILM NUMBER: 17770920
MAIL ADDRESS:
STREET 1: 333 WEST MIFFLIN STREET
STREET 2: NO. 1061
CITY: MADISON
STATE: WI
ZIP: 53703
4
1
a4.xml
4
X0306
4
2017-04-17
0
0000912766
LAUREATE EDUCATION, INC.
LAUR
0001696068
Daniels Timothy F.
650 S. EXETER STREET
12TH FLOOR
BALTIMORE
MD
21202
0
1
0
0
CEO,Europe,Asia,MdlEast,Africa
Performance Share Units
2017-04-17
4
M
0
8690
0
D
Class B Common Stock
8690
8690
D
Class B Common Stock
2017-04-17
4
M
0
8690
0
A
Class B Common Stock
8690
26653
D
Class B Common Stock
2017-04-17
4
F
0
3972
14.60
D
Class A Common Stock
3972
22681
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 4 on the Form 3 filed by the reporting person with the U.S. Securities and Exchange Commission on January 31, 2017, 8,690 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 8,690 PSUs are eligible to vest if the Company achieves the applicable Equity Value Target with respect to fiscal year 2017.
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, 3,972 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