1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Non-Qualified Stock-Option (Right to Buy)
|
Â
(2)
|
05/12/2024 |
Common Stock
|
22,806
|
$
5
|
D
|
Â
|
Non-Qualified Stock-Option (Right to Buy)
|
Â
(3)
|
03/06/2025 |
Common Stock
|
23,704
|
$
5.9
|
D
|
Â
|
Cash-Settled RSU
|
Â
(4)
|
06/14/2018 |
Common Stock
|
10,977
|
$
(5)
|
D
|
Â
|
Cash-Settled RSU
|
Â
(6)
|
03/14/2019 |
Common Stock
|
4,460
|
$
(5)
|
D
|
Â
|
Stock-Settled RSU
|
Â
(4)
|
06/14/2018 |
Common Stock
|
13,593
|
$
(7)
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
Includes 15,437 restricted stock units ("RSUs") granted pursuant to the Career Education Corporation 2008 Incentive Compensation Plan, with each unit representing a contingent right to receive one share of Issuer's common stock. |
(2) |
One-fourth of the award became exercisable on June 14, 2015; the remainder becomes exercisable in three equal annual installments on each of June 14, 2016, 2017 and 2018. |
(3) |
Exercisable in four equal annual installments on each of March 14, 2016, 2017, 2018 and 2019. |
(4) |
Vest in three equal annual installments on each of June 14, 2016, 2017 and 2018. |
(5) |
Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock. |
(6) |
Vest in four equal annual installments on each of March 14, 2016, 2017, 2018 and 2019. |
(7) |
Each stock-settled RSU represents a contingent right to receive one share of Issuer's common stock; however, in the event of an involuntary termination of employment by the Company (other than for cause), any unvested stock-settled RSUs will be settled in cash based on the preceding 30-day average closing price of Issuer's common stock. |