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Filing Details

Accession Number:
0001209191-19-052817
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-10-09 16:23:24
Reporting Period:
2019-10-08
Accepted Time:
2019-10-09 16:23:24
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1046568 Career Education Corp CECO Services-Educational Services (8200) 363932190
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1316824 David Jeffrey Ayers Career Education Corporation
231 N. Martingale Road
Schaumburg IL 60173
Svp, General Counsel No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2019-10-08 28,018 $4.49 227,793 No 4 M Direct
Common Stock Acquisiton 2019-10-08 6,320 $13.80 234,113 No 4 M Direct
Common Stock Acquisiton 2019-10-08 14,548 $8.30 248,661 No 4 M Direct
Common Stock Disposition 2019-10-08 48,886 $15.38 199,775 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Non-Qualified Option (right to buy) Disposition 2019-10-08 28,018 $0.00 28,018 $4.49
Common Stock Non-Qualified Option (right to buy) Disposition 2019-10-08 6,320 $0.00 6,320 $13.80
Common Stock Non-Qualified Option (right to buy) Disposition 2019-10-08 14,548 $0.00 14,548 $8.30
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
25,152 2026-03-07 No 4 M Direct
18,960 2028-03-06 No 4 M Direct
14,548 2027-03-06 No 4 M Direct
Footnotes
  1. 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.
  2. This transaction was executed in multiple trades at prices ranging from $15.24 to $15.78. 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.
  3. 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.
  4. On March 7, 2016 the Reporting Person was granted 100,608 non-qualified stock options. The option grant vests in four installments on March 14, 2017, 2018, 2019 and 2020.
  5. On March 6, 2018 the Reporting Person was granted 25,280 non-qualified stock options. The option grant vests in four installments on March 14, 2019, 2020, 2021 and 2022.
  6. On March 6, 2017 the Reporting Person was granted 29,096 non-qualified stock options. The option grant vests in four installments on March 14, 2018, 2019, 2020 and 2021.