X0202 4 2004-05-06 0 0001013934 STRAYER EDUCATION INC STRA 0001018327 KLINSKY STEVEN B C/O STRAYER EDUCATION 712 5TH AVE 23RD FL NEW YORK NY 10019 1 0 1 0 Common Stock 2004-05-06 4 P 0 767000 30 A 767000 I FN# Option 30 2004-05-06 4 X 0 1 D 2001-05-15 2004-05-15 Common Stock 767000 0 I FN# On May 6, 2004, New Mountain Partners, L.P. ("New Mountain") exercised its option (the "Option") to purchase 767,000 shares of common stock of the Issuer from Ron K. Bailey and Beverly W. Bailey (the "Stockholders") pursuant to the Support and Option Agreement, dated as of November 28, 2000, by and among the Issuer, the Stockholders, New Mountain and MidOcean Capital Investors, L.P. (as successor to DB Capital Investors, L.P.). The Reporting Person is the sole member of New Mountain GP, LLC, which is the General Partner of New Mountain Investments, L.P., which is the General Partner of New Mountain. The Option was acquired by New Mountain in connection with its $115 million investment in the Issuer on May 15, 2001. Steven B. Klinsky 2004-05-06