Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Peppers Michele A
2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2015
3. Issuer Name and Ticker or Trading Symbol
CAREER EDUCATION CORP [CECO]
(Last)
(First)
(Middle)
CAREER EDUCATION CORPORATION, 231 N. MARTINGALE ROAD
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Principal Accounting Officer
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SCHAUMBURG, IL 60173
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 9,147.6 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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
Cash Settled RSU   (2) 03/14/2017 Common Stock 5,030 $ (3) D  
Cash Settled RSU   (4) 03/14/2018 Common Stock 4,809 $ (3) D  
Cash Settled RSU   (5) 03/14/2019 Common Stock 5,056 $ (3) D  
Non-Qualified Stock Option (right to buy)   (6) 05/19/2015 Common Stock 750 $ 34.7 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Peppers Michele A
CAREER EDUCATION CORPORATION
231 N. MARTINGALE ROAD
SCHAUMBURG, IL 60173
      Principal Accounting Officer  

Signatures

Michele A. Peppers by POA: Gail B. Rago 04/08/2015
**Signature of Reporting Person Date

Explanation of Responses:

* 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 5,748 restricted stock units granted pursuant to the Career Educaton 2008 Incentive Compensation Plan, with each restricted stock unit representing a contingent right to receive one share of stock.
(2) These cash-settled RSUs vest in two equal installments on each of March 14, 2016 and 2017.
(3) Each cash-settled RSU is the economic equivalent of one share of Issuer's common stock.
(4) Exercisable in three equal annual installments on each of March 14, 2016, 2017 and 2018.
(5) Exercisable in four equal annual installments on each of March 14, 2016, 2017, 2018 and 2019.
(6) Non-Qualified stock options are fully vested.

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