Accession Number: | 0001209191-19-050480 |
Date: | 2019-09-20 |
Issuer: | CAREER EDUCATION CORP (CECO) |
Original Submission Date: |
AYERS JEFFREY DAVID
CAREER EDUCATION CORPORATION
231 N. MARTINGALE ROAD
SCHAUMBURG, IL 60173
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2019-09-20 | M | 19,325 | a | $7.33 | 219,100 | direct | ||
COMMON STOCK | 2019-09-20 | M | 20,364 | a | $8.63 | 239,464 | direct | ||
COMMON STOCK | 2019-09-20 | S | 39,689 | d | $17.15 | 199,775 | direct |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
---|---|---|---|---|---|---|---|---|---|---|---|---|
NON-QUALIFIED OPTION (RIGHT TO BUY) | 7.33 | 2019-09-20 | deemed execution date | M | 19,325 (d) | 2024-03-04 | common stock 19,325 | $7.33 | 28,215 | direct | ||
NON-QUALIFIED OPTION (RIGHT TO BUY) | 8.63 | 2019-09-20 | deemed execution date | M | 20,364 (d) | 2022-02-28 | common stock 20,364 | $8.63 | 0 | direct |
ID | footnote |
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f1 | the option exercise and sales reported on this form 4 were effected pursuant to a rule 10b5-1 trading plan adopted by the reporting person on august 12, 2019. |
f2 | this transaction was executed in multiple trades at prices ranging from $17.00 to $17.82. the price reported in column 4 reflects the weighted average purchase price. the reporting person hereby undertakes to provide, upon written request, to the sec staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. |
f3 | includes 150,897 restricted stock units granted pursuant to the career education corporation 2008 or 2016 incentive compensation plans, with each unit representing the contingent right to receive one share of issuer's common stock. |
f4 | on march 4, 2014 the reporting person was granted 47,540 non-qualified stock options. the option grant vested in four installments on march 14, 2015, 2016, 2017 and 2018. |
f5 | on march 1, 2012 the reporting person was granted 20,364 non-qualified stock options. the option grant vested in four installments on march 1, 2013, 2014, 2015 and 2016. |