0001127602-18-001655.txt : 20180111
0001127602-18-001655.hdr.sgml : 20180111
20180111192918
ACCESSION NUMBER: 0001127602-18-001655
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20180101
FILED AS OF DATE: 20180111
DATE AS OF CHANGE: 20180111
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Broker Neel
CENTRAL INDEX KEY: 0001725127
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38002
FILM NUMBER: 18524505
MAIL ADDRESS:
STREET 1: 650 SOUTH EXETER STREET
CITY: BALTIMORE
STATE: MD
ZIP: 21202
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
3
1
form3.xml
PRIMARY DOCUMENT
X0206
3
2018-01-01
0
0000912766
LAUREATE EDUCATION, INC.
LAUR
0001725127
Broker Neel
650 S. EXETER STREET
12TH FLOOR
BALTIMORE
MD
21202
1
CEO EMEAA
Class A Common Stock
874
D
Class B Common Stock
Class A Common Stock
1846
D
Performance Share Units
Class A Common Stock
20000
D
Restricted Stock Units
2018-06-17
Class B Common Stock
8928
D
Restricted Stock Units
Class B Common Stock
2897
D
Employee Stock Option (Right to Buy)
27.04
2021-06-01
Class B Common Stock
90000
D
Employee Stock Option (Right to Buy)
17.44
2023-10-02
Class B Common Stock
6897
D
Employee Stock Option (Right to Buy)
17.44
2025-05-14
Class B Common Stock
9196
D
Each share of Class B Common Stock of Laureate Education, Inc. (the "Company") is convertible into one share of Class A Common Stock of the Company upon the election of the holder or upon transfer, subject to the terms of the Company's Amended and Restated Certificate of Incorporation.
Subject to the reporting person's continued employment by the Company, Performance Share Units (PSUs) will vest in one-third annual tranches on each of December 31, 2018, December 31, 2019, and December 31, 2020, provided that the average closing price per share of the Company's Class A Common Stock as reported on the NASDAQ Global Select Market over the thirty (30) day period preceding those dates is equal to or greater than (i) $20 for those PSUs vesting on December 31, 2018, (ii) $22.50 for those PSUs vesting on December 31, 2019, and (iii) $25 for those PSUs vesting on December 31, 2020. Should the thirty day trailing average fall short of these targets for either December 31, 2018, December 31, 2019, or both, the PSUs for the year(s) in which the target is missed may vest if the trailing average target is achieved in the succeeding year.
On the vesting date, the reporting person will be issued a corresponding number of shares of Class B Common Stock. Subject to the reporting person's continued employment, all of these RSUs will vest on June 17, 2018.
Each Restricted Stock Unit the right to receive one share of Class B Common Stock. On the vesting date, the reporting person will be issued a corresponding number of shares of Class B Common Stock. Subject to the reporting person's continued employment, (A) half (1/2) of these RSUs will vest on December 31, 2018, and (B) half (1/2) of these RSUs will vest on December 31, 2019.
These options are fully vested and exercisable immediately.
/s/ Sean P. Mulcahy, Attorney-in-Fact
2018-01-11
EX-24
2
doc1.txt
POWER OF ATTORNEY (PUBLIC): BROKER POA
LIMITED POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that the
undersigned hereby makes, constitutes and appoints Victoria Silbey,
Thomas J. Plotz and Sean P. Mulcahy, and each of them, as the
undersigned?s true and lawful attorney-in-fact (the ?Attorney-
in Fact?), with full power of substitution and resubstitution, each
with the power to act alone for the undersigned and in the
undersigned?s name, place and stead, in any and all capacities to:
1. prepare, execute and acknowledge in the undersigned?s
name and on the undersigned?s behalf, and file with the Securities and
Exchange Commission (?SEC?) a Form ID, including amendments
thereto, and any other documents necessary or appropriate to obtain
codes and passwords enabling the undersigned to make electronic
filings with the SEC of reports required or considered advisable under
Section 16(a) of the Securities Exchange Act of 1934 (the ?Exchange
Act?) or any rule or regulation of the SEC;
2. prepare, execute, acknowledge, deliver and file with the
SEC, any national securities exchange or securities quotation system
and Laureate Education, Inc. (the ?Company?) any and all reports
(including any amendment thereto) of the undersigned required or
considered advisable under Section 16(a) of the Exchange Act and
the rules and regulations thereunder, with respect to the equity
securities of the Company, including Forms?3, 4 and 5;
3. seek or obtain, as the undersigned?s representative
and on the undersigned?s behalf, information regarding transactions in
the Company?s equity securities from any third party, including the
Company and any brokers, dealers, employee benefit plan
administrators and trustees, and the undersigned hereby authorizes any
such third party to release any such information to the Attorney-in-
Fact;
4. perform any and all other acts which in the discretion
of such Attorney-in-Fact are necessary or desirable for and on behalf
of the undersigned in connection with the foregoing.
The undersigned acknowledges that:
(a) this Limited Power of Attorney authorizes, but does
not require, the Attorney-in-Fact to act at his or her discretion on
information provided to such Attorney-in-Fact without independent
verification of such information;
(b) any documents prepared or executed by the Attorney
-in-Fact on behalf of the undersigned pursuant to this Limited Power
of Attorney will be in such form and will contain such information
as the Attorney-in-Fact, in his or her discretion, deems necessary or
desirable;
(c) neither the Company nor the Attorney-in-Fact assumes
any liability for the undersigned?s responsibility to comply with the
requirements of Section 16 of the Exchange Act, any liability of the
undersigned for any failure to comply with such requirements, or any
liability of the undersigned for disgorgement of profits under Section
16(b) of the Exchange Act; and
(d) this Limited Power of Attorney does not relieve the
undersigned from responsibility for compliance with the undersigned?s
obligations under Section 16 of the Exchange Act, including, without
limitation, the reporting requirements under Section 16(a) of the
Exchange Act.
The undersigned hereby grants to the Attorney-in-Fact full
power and authority to do and perform each and every act and thing
requisite, necessary or convenient to be done in connection with the
foregoing, as fully, to all intents and purposes, as the undersigned
might or could do in person, hereby ratifying and confirming all that
the Attorney-in-Fact, or his or her substitute or substitutes, shall
lawfully do or cause to be done by authority of this Limited Power
of Attorney.
This Limited Power of Attorney shall remain in full force and
effect until the undersigned is no longer required to file Forms?3, 4 or
5 with respect to the undersigned?s holdings of and transactions in
equity securities of the Company, unless earlier revoked by the
undersigned in a signed writing delivered to the Attorney-in-Fact.
IN WITNESS WHEREOF, the undersigned has executed
this Limited Power of Attorney as of December 6, 2017.
Signature: /s/ Neel Broker
Print Name: Neel Broker