-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OrDgEdasmFSjRH6cjFBP3GncCOSu0KND8NmVAjCvYwHe7PpoQaJkYL8glqKbzxld LXgkLAPoWYKVTKyk3hMMDQ== 0000950172-04-002952.txt : 20041213 0000950172-04-002952.hdr.sgml : 20041213 20041213170845 ACCESSION NUMBER: 0000950172-04-002952 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20041213 DATE AS OF CHANGE: 20041213 GROUP MEMBERS: NEW MOUNTAIN GP, LLC GROUP MEMBERS: NEW MOUNTAIN INVESTMENTS, L.P. GROUP MEMBERS: STEVEN B. KLINSKY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: STRAYER EDUCATION INC CENTRAL INDEX KEY: 0001013934 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 521975978 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-48233 FILM NUMBER: 041199476 BUSINESS ADDRESS: STREET 1: 1100 WILSON BLVD., SUITE 2500 CITY: ARLINGTON STATE: VA ZIP: 22209 BUSINESS PHONE: 703-247-2500 MAIL ADDRESS: STREET 1: 1100 WILSON BLVD., SUITE 2500 CITY: ARLINGTON STATE: VA ZIP: 22209 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NEW MOUNTAIN PARTNERS LP CENTRAL INDEX KEY: 0001105474 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O STEVEN B KLINKSY STREET 2: 712 FIFTH AVE 23RD FL CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2127200300 MAIL ADDRESS: STREET 1: 712 FIFTH AVE STREET 2: 23RD FL CITY: NEW YORK STATE: NY ZIP: 10019 SC 13D/A 1 ny514927.txt AMENDMENT NO. 11 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ----------------------------------------------------------------------- SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (AMENDMENT NO. 11) STRAYER EDUCATION, INC. ----------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $.01 PER SHARE ----------------------------------------------------------------------- (Title of Class of Securities) 863236105 ----------------------------------------------------------------------- (CUSIP Number) Steven B. Klinsky New Mountain Partners, L.P. 712 Fifth Avenue, 23rd Floor New York, New York 10019 Telephone: (212) 720-0300 ----------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) Copies to: J. Michael Schell Sean C. Doyle Skadden, Arps, Slate, Meagher & Flom LLP Four Times Square New York, New York 10036-6522 Telephone: (212) 735-3000 December 9, 2004 ----------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [ ]. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. (Continued on the following pages) Page 1 of 8 Pages CUSIP No. 863236105 13D ------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS: New Mountain Partners, L.P. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 13-4099832 ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ X ] (b) [ ] ------------------------------------------------------------------- 3. SEC USE ONLY ------------------------------------------------------------------- 4. SOURCE OF FUNDS: See Items 3 and 4 AF, OO ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware -------------------------------------------------------------------- 7. SOLE VOTING POWER: NUMBER OF 1,192,120 SHARES -------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER: OWNED BY None EACH -------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER: PERSON 1,192,120 WITH -------------------------------------- 10. SHARED DISPOSITIVE POWER: None -------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 1,192,120 -------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] -------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): Approximately 8.13% -------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON: PN -------------------------------------------------------------------- Page 2 of 8 CUSIP No. 863236105 13D ------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS: New Mountain Investments, L.P. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) 13-4099829 ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ X ] (b) [ ] ------------------------------------------------------------------- 3. SEC USE ONLY ------------------------------------------------------------------- 4. SOURCE OF FUNDS: AF, OO ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware -------------------------------------------------------------------- 7. SOLE VOTING POWER: NUMBER OF 1,192,120 SHARES -------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER: OWNED BY None EACH -------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER: PERSON 1,192,120 WITH -------------------------------------- 10. SHARED DISPOSITIVE POWER: None -------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 1,192,120 -------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] -------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): Approximately 8.13% -------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON: PN -------------------------------------------------------------------- Page 3 of 8 CUSIP No. 863236105 13D ------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS: New Mountain GP, LLC I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) 13-4099827 ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ X ] (b) [ ] ------------------------------------------------------------------- 3. SEC USE ONLY ------------------------------------------------------------------- 4. SOURCE OF FUNDS: AF, OO ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware -------------------------------------------------------------------- 7. SOLE VOTING POWER: NUMBER OF 1,192,120 SHARES -------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER: OWNED BY None EACH -------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER: PERSON 1,192,120 WITH -------------------------------------- 10. SHARED DISPOSITIVE POWER: None -------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 1,192,120 -------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] -------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): Approximately 8.12% -------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON: OO -------------------------------------------------------------------- Page 4 of 8 CUSIP No. 863236105 13D ------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS: Steven B. Klinsky I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) N/A ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ X ] (b) [ ] ------------------------------------------------------------------- 3. SEC USE ONLY ------------------------------------------------------------------- 4. SOURCE OF FUNDS: OO, PF ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America -------------------------------------------------------------------- 7. SOLE VOTING POWER: NUMBER OF 1,192,120 SHARES -------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER: OWNED BY None EACH -------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER: PERSON 1,192,120 WITH -------------------------------------- 10. SHARED DISPOSITIVE POWER: None -------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 1,192,120 -------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] -------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): Approximately 8.13% -------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON: IN -------------------------------------------------------------------- Page 5 of 8 AMENDMENT NO. 11 TO SCHEDULE 13D -------------------------------- The statement on Schedule 13D (the "Schedule 13D"), as amended by Amendment No. 1 ("Amendment No. 1"), Amendment No. 2 ("Amendment No. 2"), Amendment No. 3 ("Amendment No. 3"), Amendment No. 4 ("Amendment No. 4"), Amendment No. 5 ("Amendment No. 5"), Amendment No. 6 ("Amendment No. 6"), Amendment No. 7 ("Amendment No. 7"), Amendment No. 8 ("Amendment No. 8"), Amendment No. 9 ("Amendment No. 9") and Amendment No. 10 ("Amendment No. 10") thereto, filed jointly on March 26, 2001, May 15, 2001, October 8, 2002, November 18, 2002, November 22, 2002, January 14, 2004, February 4, 2004, March 11, 2004, March 15, 2004, May 6, 2004 and June 30, 2004, respectively, by the persons listed on the signature pages thereto relating to the beneficial ownership of the common stock, par value $.01 per share ("Common Stock"), of Strayer Education, Inc., a Maryland corporation (the "Issuer"), and the beneficial ownership of the Series A Preferred Stock, par value $.01 per share ("Series A Preferred Stock"), of the Issuer, which is convertible into Common Stock, is hereby amended and supplemented as set forth below in this Amendment No. 11 to the Schedule 13D by the persons listed on the signature page hereto (the "Reporting Persons"). Capitalized terms used below and not otherwise defined herein shall have the meanings set forth in the Schedule 13D, as amended by Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6, Amendment No. 7, Amendment No. 8, Amendment No. 9 and Amendment No. 10. ITEM 4. PURPOSE OF TRANSACTION. The disclosure in Item 4(a) is hereby amended and supplemented as follows: "On December 9, 2004, New Mountain Partners, L.P. sold 450,000 shares of Common Stock in a transaction with Credit Suisse First Boston LLC in reliance on Rule 144 under the Securities Act of 1933, as amended, at a per share price of $112.94." ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. The disclosure in Item 5(a) is hereby amended and supplemented as follows: "As of the date of this Amendment No. 11, the Reporting Persons may be deemed to beneficially own 1,192,120 shares of Common Stock. Assuming the number of shares outstanding on October 22, 2004, the Reporting Persons may be deemed to beneficially own approximately 8.13% of the outstanding Common Stock of the Issuer." The disclosure in Item 5(b) is hereby amended and supplemented as follows: "On December 9, 2004, New Mountain Partners, L.P. sold 450,000 shares of Common Stock in a transaction with Credit Suisse First Boston LLC in reliance on Rule 144 under the Securities Act of 1933, as amended, at a per share price of $112.94. This is the only transaction Page 6 of 8 in the Common Stock that was effected by the Reporting Persons in the 60 days preceding this amendment." Page 7 of 8 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. NEW MOUNTAIN PARTNERS, L.P. By: New Mountain Investments, L.P., its general partner By: New Mountain GP, LLC, its general partner By: /s/ Steven B. Klinsky ------------------------------- Name: Steven B. Klinsky Title: Member NEW MOUNTAIN INVESTMENTS, L.P. By: New Mountain GP, LLC, its general partner By: /s/ Steven B. Klinsky ------------------------------- Name: Steven B. Klinsky Title: Member NEW MOUNTAIN GP, LLC By: /s/ Steven B. Klinsky ------------------------------- Name: Steven B. Klinsky Title: Member /s/ Steven B. Klinsky ------------------------------- Name: Steven B. Klinsky Dated: December 13, 2004 Page 8 of 8 -----END PRIVACY-ENHANCED MESSAGE-----