Form Type: 4

SEC EDGAR Link
Acccession Number:0001209191-19-045932
Date:2019-08-12
Issuer: CAREER EDUCATION CORP (CECO)
Original Submission Date:

Reporting Person:

CZESZEWSKI DAVID C.
CAREER EDUCATION CORPORATION
231 N. MARTINGALE ROAD SCHAUMBURG, IL 60173

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2019-08-12 A 3,788 a $0.00 128,409 direct
COMMON STOCK 2019-08-12 A 2,800 a $0.00 131,209 direct
COMMON STOCK 2019-08-12 A 8,842 a $0.00 140,051 direct
COMMON STOCK 2019-08-12 S 15,278 d $21.31 124,773 direct
COMMON STOCK 2019-08-13 S 2,908 d $21.75 122,529 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
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 ExercisableExpiration 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
Footnotes
IDfootnote
f1 time-based 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. these units vest in four equal installments on each of september 14, 2020, and march 14, 2021, 2022 and 2023.
f2 performance-based 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. this amount represents the maximum possible number of shares that could be issued. these units vest on march 14, 2022, subject to the achievement of certain performance criteria.
f3 this transaction was executed in multiple trades at prices ranging from $21.30 to $21.38. 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.
f4 includes 664 shares acquired under the career education corporation employee stock purchase plan.
f5 includes 65,025 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.

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