UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Cash Settled RSU | Â (2) | 03/14/2017 | Common Stock | 5,030 | $ (3) | D | Â |
Cash Settled RSU | Â (4) | 03/14/2018 | Common Stock | 4,809 | $ (3) | D | Â |
Cash Settled RSU | Â (5) | 03/14/2019 | Common Stock | 5,056 | $ (3) | D | Â |
Non-Qualified Stock Option (right to buy) | Â (6) | 05/19/2015 | Common Stock | 750 | $ 34.7 | D | Â |
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 |  |
Michele A. Peppers by POA: Gail B. Rago | 04/08/2015 | |
**Signature of Reporting Person | Date |
* | 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. |