Marcelo Cardoso - Mar 11, 2022 Form 4 Insider Report for LAUREATE EDUCATION, INC. (LAUR)

Role
CHIEF OPERATING OFFICER
Signature
/s/ Leslie S. Brush, Attorney-in-Fact
Stock symbol
LAUR
Transactions as of
Mar 11, 2022
Transactions value $
-$158,020
Form type
4
Date filed
3/15/2022, 05:30 PM
Previous filing
Feb 23, 2022
Next filing
Feb 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LAUR Common Stock Options Exercise $82K +8.32K +6.96% $9.85 128K Mar 11, 2022 Direct
transaction LAUR Common Stock Options Exercise $32.8K +3.33K +2.6% $9.85 131K Mar 11, 2022 Direct
transaction LAUR Common Stock Options Exercise $28.6K +2.78K +2.12% $10.30 134K Mar 11, 2022 Direct
transaction LAUR Common Stock Options Exercise $61.9K +9.7K +7.24% $6.38 144K Mar 11, 2022 Direct
transaction LAUR Common Stock Options Exercise $99.8K +13.7K +9.5% $7.31 157K Mar 11, 2022 Direct
transaction LAUR Common Stock Sale -$463K -37.8K -24.01% $12.26 120K Mar 11, 2022 Direct F1

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 +8.32K $0.00* 0 Mar 11, 2022 Common Stock 8.32K $9.85 Direct F2, F3
transaction LAUR Employee Stock Option (Right to Buy) Options Exercise $0 +3.33K $0.00* 0 Mar 11, 2022 Common Stock 3.33K $9.85 Direct F2, F3
transaction LAUR Employee Stock Option (right to buy) Options Exercise $0 +2.78K $0.00* 0 Mar 11, 2022 Common Stock 2.28K $10.30 Direct F2, F4
transaction LAUR Employee Stock Option (right to buy) Options Exercise $0 +9.7K $0.00* 0 Mar 11, 2022 Common Stock 9.7K $6.38 Direct F2, F5
transaction LAUR Employee Stock Option (right to buy) Options Exercise $0 +13.7K $0.00* 0 Mar 11, 2022 Common Stock 13.7K $7.31 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.22 to $12.291, 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 this footnote.
F2 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.
F3 The option vested in installments of 13% of options granted on each of December 31, 2013, 2014, 2015 and 2016 and 48% of options granted on December 31, 2017.
F4 The option vested in substantially equal installments on December 31, 2017, 2018 and 2019.
F5 The option vested in substantially equal installments on December 31, 2018, 2019 and 2020.
F6 The option vested in equal installments on December 31, 2019, 2020 and 2021.