Thomas B. Lally - Jun 7, 2022 Form 4 Insider Report for PERDOCEO EDUCATION Corp (PRDO)

Role
Director
Signature
Thomas B. Lally by POA: Jeff Wigfield
Stock symbol
PRDO
Transactions as of
Jun 7, 2022
Transactions value $
-$105,011
Form type
4
Date filed
6/8/2022, 05:39 PM
Previous filing
May 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRDO Common Stock Options Exercise $126K +21.1K +35.48% $5.96 80.7K Jun 7, 2022 Direct
transaction PRDO Common Stock Sale -$231K -21.1K -26.19% $10.93 59.6K Jun 7, 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PRDO Non-Qualified Option (right to buy) Options Exercise $0 -21.1K -100% $0.00* 0 Jun 7, 2022 Common Stock 21.1K $5.96 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $10.92 to $10.95. 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.
F2 Includes 14,619 vested deferred stock units granted pursuant to Issuer's 2008 Incentive Compensation Plan, with each unit representing the right to receive one share of Issuer's common stock upon Reporting Person's termination of service from Issuer. Also includes 17,398 restricted stock units granted pursuant to Issuer's Amended and Restated 2016 Incentive Compensation Plan, with each unit representing the contingent right to receive one share of Issuer's common stock upon vesting.
F3 On May 24, 2016 the Reporting Person was granted 21,129 non-qualified stock options. The option grant vested on June 14, 2017.