SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

COOVER JON R

(Last)

(First)

(Middle)

2895 GREENSPOINT PARKWAY

SUITE 600

(Street)

HOFFMAN ESTATES

60195

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/03/2003

3. Issuer Name and Ticker or Trading Symbol
CAREER EDUCATION CORP [ CECO ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Group Pres. of Gibbs & Health

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	171⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (right to buy)	05/20/2004	05/19/2009	Common Stock	8,000	$4.6563	D
Stock Option (right to buy)	09/27/2004	09/26/2009	Common Stock	24,000	$2.9531	D
Stock Option (right to buy)	06/28/2004	06/27/2010	Common Stock	16,000	$6	D
Stock Option (right to buy)	⁽²⁾	05/10/2011	Common Stock	60,000	$12.625	D
Stock Option (right to buy)	⁽³⁾	05/16/2012	Common Stock	54,000	$22.065	D
Stock Option (right to buy)	⁽⁴⁾	05/18/2013	Common Stock	32,000	$29.35	D

Explanation of Responses:

1. All of which were purchased under the Company's Employee Stock Purchase Plan.

2. Exercisable as to 30,000 of the underlying shares on each of May 11, 2004 and 2005.

3. Exercisable as to 18,000 of the underlying shares on each of May 17, 2004, 2005 and 2006.

4. Exercisable as to 8,000 of the underlying shares on each of May 19, 2004, 2005, 2006 and 2007.

	/s/ Jon R. Coover	11/10/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.