John Robert Kline - 26 Oct 2022 Form 4/A - Amendment Insider Report for PERDOCEO EDUCATION Corp (PRDO)

Role
SVP, AIU
Signature
John Robert Kline by POA: Jeff Wigfield
Issuer symbol
PRDO
Transactions as of
26 Oct 2022
Net transactions value
-$27,183
Form type
4/A - Amendment
Filing time
31 Oct 2022, 19:07:43 UTC
Date Of Original Report
28 Oct 2022
Previous filing
16 Mar 2022
Next filing
31 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRDO Common Stock Sale $18,809 -1,637 -0.92% $11.49 175,361 26 Oct 2022 Direct F1
transaction PRDO Common Stock Options Exercise $21,788 +2,625 +1.5% $8.30 177,986 26 Oct 2022 Direct
transaction PRDO Common Stock Sale $30,161 -2,625 -1.5% $11.49 175,361 26 Oct 2022 Direct F2, F3

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 -2,625 -10% $0.000000 23,411 26 Oct 2022 Common Stock 2,625 $8.30 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported on the Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 29, 2022.
F2 The option exercise and sale reported on the Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 29, 2022.
F3 Includes 102,208 unvested restricted stock units granted pursuant to the Issuer's 2008 or 2016 Incentive Compensation Plans, with each unit representing the contingent right to receive one share of Issuer's common stock.
F4 On March 6, 2017 the Reporting Person was granted 26,036 non-qualified stock options. The option grant vested in four installments on March 14, 2018, 2019, 2020 and 2021.

Remarks:

On October 28, 2022, Reporting Person filed a Form 4 which inadvertently omitted the exercise of a non-qualified stock option and the sale of restricted stock, showing only the sale of the underlying stock from the exercised options. Those omitted transactions have been corrected in this amendment.