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