CAREER EDUCATION CORP 4
4 · CAREER EDUCATION CORP · Filed May 25, 2016
Insider Transaction Report
Form 4
Cederoth Andrew J
SVP and CFO
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2016-05-24+57,176→ 57,176 totalExercise: $5.96Exp: 2026-05-24→ Common Stock (57,176 underlying) - Award
Common Stock
2016-05-24+10,176→ 10,176 total - Award
Cash-Settled RSU
2016-05-24+10,176→ 10,176 totalExp: 2020-06-14→ Common Stock (10,176 underlying)
Footnotes (4)
- [F1]Restricted stock units granted pursuant to the Career Education Corporation 2016 Incentive Compensation Plan, with each unit representing the contingent right to receive one share of Issuer's common stock. The units shall vest in four equal installments on each of June 14, 2017, 2018, 2019 and 2020.
- [F2]Exercisable in four equal installments on each of June 14, 2017, 2018, 2019 and 2020.
- [F3]Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.
- [F4]This grant of cash-settled RSUs was approved by the Compensation Committee of Issuer's Board of Directors on May 24, 2016 pursuant to the Career Education Corporation 2016 Incentive Compensation Plan. The cash-settled RSUs shall vest in four equal installments on each of June 14, 2017, 2018, 2019 and 2020.