Accession Number: | 0001209191-19-045948 |
Date: | 2019-08-12 |
Issuer: | CAREER EDUCATION CORP (CECO) |
Original Submission Date: |
KLINE JOHN ROBERT
CAREER EDUCATION CORPORATION
231 N. MARTINGALE ROAD
SCHAUMBURG, IL 60173
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2019-08-12 | A | 7,052 | a | $0.00 | 177,785 | direct | ||
COMMON STOCK | 2019-08-12 | A | 3,000 | a | $0.00 | 180,785 | direct | ||
COMMON STOCK | 2019-08-12 | A | 16,458 | a | $0.00 | 197,243 | direct |
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 Exercisable | Expiration 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 |
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ID | footnote |
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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 | includes 148,696 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. |