0001127602-18-013806.txt : 20180403 0001127602-18-013806.hdr.sgml : 20180403 20180403171808 ACCESSION NUMBER: 0001127602-18-013806 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20180330 FILED AS OF DATE: 20180403 DATE AS OF CHANGE: 20180403 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Berckemeyer Ricardo M. CENTRAL INDEX KEY: 0001696046 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38002 FILM NUMBER: 18734565 MAIL ADDRESS: STREET 1: 9 ARDSLEY WAY CITY: SIMSBURY STATE: CT ZIP: 06070 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 form4.xml PRIMARY DOCUMENT X0306 4 2018-03-30 0000912766 LAUREATE EDUCATION, INC. LAUR 0001696046 Berckemeyer Ricardo M. 650 S. EXETER STREET, 12TH FLOOR BALTIMORE MD 21202 1 President & COO Class A Common Stock 2018-03-30 4 C 0 6214 0 A 48216 D Class A Common Stock 2018-03-30 4 A 0 11179 0 A 59395 D Performance Share Units 2018-03-30 4 M 0 11581 0 D Class B Common Stock 11581 0 D Class B Common Stock 2018-03-30 4 M 0 11581 0 A Class A Common Stock 11581 11581 D Class B Common Stock 2018-03-30 4 F 0 5367 0 D Class A Common Stock 5367 6214 D Class B Common Stock 2018-03-30 4 C 0 6214 0 D Class A Common Stock 6214 0 D Employee Stock Option (Right to Buy) 17.44 2018-03-30 4 A 0 14645 0 A 2023-10-02 Class B Common Stock 14645 270894 D On June 14, 2017, the reporting person was granted 62,500 Performance Share Units issueable as shares of Laureate Class A Common Stock of Laureate Education, Inc. (the "Company") ("Class A PSUs"), vesting in three equal tranches dependent upon the Company achieving the applicable performance goal as set forth in the applicable Performance Share Units Notice. 20,834 Class A PSUs vested on March 30, 2018. 9,655 shares were withheld from the vesting in satisfaction of the reporting person's tax withholding liability. Each Performance Share Unit ("Class B PSU") represents the right to receive one share of Class B Common Stock ("Class B Common Stock") of the Company. As previously reported in footnote 5 on the Form 3 filed by the reporting person with the U.S. Securities and Exchange Commission on January 30, 2017, 11,581 Class B PSUs vested on March 30, 2018 (the "Vesting Date") upon the achievement by the Company of the applicable Equity Value Target with respect to fiscal year 2017. Each share of Class B Common Stock of 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. 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 $13.75. On March 30, 2018, 5,367 shares of the Company's Class B Common Stock otherwise issueable upon the vesting of the Class B PSUs were forfeited to pay the applicable withholding taxes due in connection with the Class B PSUs' vesting. As reported at footnote 4 of the reporting person's Form 3, these options vested on March 30, 2018 following determination by the Compensation Committee of the Company's Board of Directors of the Company's achievement of the applicable Equity Value Target. Represents the aggregate number of vested options awarded pursuant to the reporting person's Stock Option Agreement dated October 2, 2013 (including time-based and performance-based options). This figure consolidates the option reported at footnotes 3 and 4 of the reporting person's Form 3. /s/ Sean P. Mulcahy, Attorney-in-Fact 2018-04-03