0001104659-17-039928.txt : 20170616
0001104659-17-039928.hdr.sgml : 20170616
20170616161554
ACCESSION NUMBER: 0001104659-17-039928
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170614
FILED AS OF DATE: 20170616
DATE AS OF CHANGE: 20170616
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: 17916313
MAIL ADDRESS:
STREET 1: 8275 ALVORD STREET
CITY: MCLEAN
STATE: VA
ZIP: 22102
4
1
a4.xml
4
X0306
4
2017-06-14
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
Restricted Stock Units
2017-06-14
4
A
0
1662
0
A
Class A Common Stock
1662
1662
D
Employee Stock Option (right to buy)
17.89
2017-06-14
4
A
0
3081
0
A
Class A Common Stock
3081
3081
D
Employee Stock Option (right to buy)
17.89
2017-06-14
4
A
0
6024
0
A
Class A Common Stock
6024
9105
D
Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Class A Common Stock ("Class A Common Stock") of Laureate Education, Inc. (the "Company"). On each vesting date, the reporting person will be issued a corresponding number of shares of Class A Common Stock. Subject to the reporting person's continued employment with the Company, these RSUs will vest in three equal annual installments beginning December 31, 2017.
Subject to the reporting person's continued employment with the Company, these options will become exercisable in three equal annual installments beginning on December 31, 2017.
On June 14, 2017 the reporting person was granted options to purchase 6,024 shares of Class A Common Stock. Subject to the reporting person's continued employment with the Company (A) one-third of the options will become exercisable if the Company achieves the applicable adjusted EBITDA target in accordance with the Company's 2013 Long-Term Incentive Plan and pursuant to the applicable award agreement (the "Adjusted EBITDA Target") with respect to fiscal year 2018, and (B) two-thirds of the options will become exercisable if the Company achieves the Adjusted EBITDA Target with respect to fiscal year 2019.
Includes 3,081 options that become exercisable in equal annual installments beginning on December 31, 2017, as described in footnote 2 above and 6,024 options that become exercisable if the Company achieves the applicable Adjusted EBITDA Target with respect to fiscal year 2018 and fiscal year 2019, as described in footnote 3 above.
/s/ Sean P. Mulcahy, Attorney-in-Fact
2017-06-16