Eilif Serck-Hanssen - Mar 9, 2022 Form 4 Insider Report for LAUREATE EDUCATION, INC. (LAUR)

Signature
/s/ Leslie S. Brush, Attorney-in-Fact
Stock symbol
LAUR
Transactions as of
Mar 9, 2022
Transactions value $
-$553,533
Form type
4
Date filed
3/11/2022, 04:17 PM
Previous filing
Feb 23, 2022
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LAUR Common Stock Options Exercise $1.71M +174K +25.93% $9.85 844K Mar 9, 2022 Direct F1
transaction LAUR Common Stock Sale -$2.09M -174K -20.59% $12.01 670K Mar 9, 2022 Direct F1, F2
transaction LAUR Common Stock Options Exercise $798K +81K +12.09% $9.85 751K Mar 10, 2022 Direct F1
transaction LAUR Common Stock Sale -$977K -81K -10.79% $12.05 670K Mar 10, 2022 Direct F1, 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 LAUR Employee Stock Option (right to buy) Options Exercise $0 -125K -68.72% $0.00 56.9K Mar 9, 2022 Common Stock 125K $9.85 Direct F1, F4, F5
transaction LAUR Employee Stock Option (right to buy) Options Exercise $0 -48.7K -66.91% $0.00 24.1K Mar 9, 2022 Common Stock 48.7K $9.85 Direct F1, F4, F6
transaction LAUR Employee Stock Option (right to buy) Options Exercise $0 -56.9K -100% $0.00* 0 Mar 10, 2022 Common Stock 56.9K $9.85 Direct F1, F4, F5
transaction LAUR Employee Stock Option (right to buy) Options Exercise $0 -24.1K -100% $0.00* 0 Mar 10, 2022 Common Stock 24.1K $9.85 Direct F1, F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on November 23, 2021 with respect to two option grants expiring on October 2, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.07, inclusive. The reporting person undertakes to provide to Laureate Education, Inc., any security holder of Laureate Education, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.165, inclusive.
F4 In connection with special cash distributions declared on September 15, 2021 and December 3, 2021, the Board approved certain required adjustments under the Company's equity award compensation plans, pursuant to which the exercise price of the Company's outstanding stock options were reduced by $7.01 and $0.58 per share, respectively.
F5 The option vested in substantially equal installments on December 31, 2013, 2014, 2015, 2016 and 2017.
F6 The option vested in substantially equal installments on December 31, 2013, 2014, 2015 and 2017 and April 15, 2018.