0001104659-20-061866.txt : 20200514
0001104659-20-061866.hdr.sgml : 20200514
20200514211731
ACCESSION NUMBER: 0001104659-20-061866
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200512
FILED AS OF DATE: 20200514
DATE AS OF CHANGE: 20200514
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BECKER DOUGLAS L
CENTRAL INDEX KEY: 0001072473
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38002
FILM NUMBER: 20880208
MAIL ADDRESS:
STREET 1: C/O 650 DUNDEE ROAD
STREET 2: SUITE 370
CITY: NORTHBROOK
STATE: IL
ZIP: 60062
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
4
1
a4.xml
4
X0306
4
2020-05-12
0
0000912766
LAUREATE EDUCATION, INC.
LAUR
0001072473
BECKER DOUGLAS L
C/O STERLING PARTNERS
650 S. EXETER STREET, #1100
BALTIMORE
MD
21202
1
0
1
0
Class A Common Stock
2020-05-12
4
A
0
3405
0
A
3405
I
See footnotes.
Class A Common Stock
32764
D
Restricted Stock Units
2020-05-12
4
A
0
10215
0
A
10215
I
See footnotes.
Represents a grant made to Steven M. Taslitz as part of the 2020 annual retainer for non-employee director service on the board of directors (the "Board") of Laureate Education, Inc. ("Laureate").
Pursuant to an agreement (the "Founders' Agreement") among Mr. Taslitz, Douglas L. Becker, R. Christopher Hoehn-Saric and one other founder of Sterling (the "Sterling Founders"), the Sterling Founders share equally, on a net after-tax basis, in certain equity securities they receive in connection with services rendered by any of them to certain entities, including Laureate. Each Sterling Founder controls the voting and disposition of the securities allocable to such Sterling Founder. In light of the Founders' Agreement, each of Messrs. Becker, Hoehn-Saric and Taslitz may be deemed to indirectly beneficially own a portion of the equity securities of Laureate so issued to any of the other Sterling Founders and, as applicable, has made a separate Form 4 filing with respect thereto.
Represents shares of Class A Common Stock of Laureate held by Mr. Becker that are subject to the Founders' Agreement.
Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of Laureate. The RSUs will vest ratably in three installments at the end of each of the remaining calendar quarters of 2020, provided that Mr. Taslitz continues to serve as a director on the Board.
The reporting person disclaims beneficial ownership of the securities reported herein, except to the extent of the reporting person's pecuniary interest therein. The inclusion of these securities in this report shall not be deemed an admission of beneficial ownership by the reporting person of any securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.
The reporting person may be deemed to be a director by deputization for purposes of Section 16 under the Securities Exchange Act of 1934, as amended, by virtue of the fact that Mr. Taslitz currently serves on the Board.
/s/ M. Avi Epstein, attorney-in-fact for Douglas L. Becker
2020-05-14