X0304 4 2012-01-03 0 0000880059 EDUCATION MANAGEMENT CORPORATION EDMC 0001473585 Providence Equity Partners V L.L.C. C/O PROVIDENCE EQUITY PARTNERS L.L.C. 50 KENNEDY PLAZA, 18TH FLOOR PROVIDENCE RI 02903 0 0 1 0 0001304328 Providence Equity Partners V L P C/O PROVIDENCE EQUITY PARTNERS L.L.C. 50 KENNEDY PLAZA, 18TH FLOOR PROVIDENCE RI 02903 0 0 1 0 0001473584 Providence Equity GP V L.P. C/O PROVIDENCE EQUITY PARTNERS INC. 50 KENNEDY PLAZA, 18TH FLOOR PROVIDENCE RI 02903 0 0 1 0 0001304329 Providence Equity Partners V-A L P C/O PROVIDENCE EQUITY PARTNERS L.L.C. 50 KENNEDY PLAZA, 18TH FLOOR PROVIDENCE RI 02903 0 0 1 0 0001127275 PROVIDENCE EQUITY PARTNERS IV LP 50 KENNEDY PLAZA 18TH FLOOR PROVIDENCE RI 02903 0 0 1 0 0001320670 Providence Equity GP IV L.P. 50 KENNEDY PLAZA 18TH FLOOR PROVIDENCE RI 02903 0 0 1 0 0001320669 Providence Equity Partners IV, L.L.C. 50 KENNEDY PLAZA 18TH FLOOR PROVIDENCE RI 02903 0 0 1 0 0001170535 PROVIDENCE EQUITY OPERATING PARTNERS IV LP C/O PROVIDENCE EQUITY PARTNERS INC. 50 KENNEDY PLAZA, 18TH FLOOR PROVIDENCE RI 02903 0 0 1 0 0001473638 PEP EDMC L.L.C. C/O PROVIDENCE EQUITY PARTNERS INC. 50 KENNEDY PLAZA, 18TH FLOOR PROVIDENCE RI 02903 0 0 1 0 0001035233 NELSON JONATHAN M C/O PROVIDENCE EQUITY PARTNERS INC. 50 KENNEDY PLAZA, 18TH FLOOR PROVIDENCE RI 02903 0 0 1 0 Common Stock, par value $0.01 per share 2012-01-03 4 J 0 6131 A 40881935 I See footnote Common Stock, par value $0.01 per share 2012-01-03 4 J 0 6131 A 40881935 I See footnote On the Transaction Date, Messrs. Paul J. Salem and Peter Osgood Wilde, Jr. each transferred 6,131 shares of common stock to Providence Equity Partners L.L.C. ("PEP LLC") for no consideration. Representing: (i) 32,317,772 shares of common stock are directly held by Providence Equity Partners V L.P. ("PEP V"); (ii) 5,104,728 shares of common stock are directly held by Providence Equity Partners V-A L.P. ("PEP V-A"); (iii) 2,675,590 shares of common stock are directly held by Providence Equity Partners IV L.P. ("PEP IV"); (iv) 8,629 shares of common stock are directly held by Providence Equity Operating Partners IV L.P. ("PEOP IV"); (v) 740,880 shares of common stock are directly held by PEP EDMC L.L.C. ("PEP EDMC"); (vi) 2,761 shares of common stock are directly held by Mr. Salem as nominee for PEP LLC; (vii) 2,761 shares of common stock are directly held by Mr. Wilde as nominee for PEP LLC; and (viii) 28,814 shares of common stock are directly held by PEP LLC. (Continuation of Footnote 2) Certain Reporting Persons may be deemed to indirectly own the securities listed above as follows: (a) Providence Equity GP V L.P. ("PEP GP V"), as general partner of PEP V and PEP V-A; (b) Providence Equity Partners V L.L.C. ("PEP V LLC") as general partner of PEP GP V; (c) Providence Equity GP IV L.P. ("PEP GP IV"), as general partner of PEP IV and PEOP IV; (d) PEP V, PEP V-A, PEP IV and PEOP IV as the members of PEP EDMC L.L.C.; (e) Providence Equity Partners IV L.L.C. ("PEP IV LLC") as general partner of PEP GP IV; (f) Providence Equity Partners V Inc. ("PEP V Inc.") as the former investment manager of PEP V; (g) Providence Equity Partners IV Inc. ("PEP IV Inc.") as the former investment manager of PEP IV; and (h) PEP LLC, as management company to PEP V, PEP V-A, PEP IV and PEOP IV. (Continuation of Footnote 2) Each of PEP GP V, PEP V LLC, PEP GP IV, PEP IV LLC, PEP V, PEP V-A, PEP IV, PEOP IV, PEP V Inc., PEP IV Inc. and PEP LLC disclaims indirect beneficial ownership except to the extent of each of their respective pecuniary interests therein. (Continuation of Footnote 2) Messrs. Jonathan Nelson, Glenn Creamer and Paul Salem each are: (1) partners of PEP GP IV; (2) indirect beneficial owners of PEP GP V, PEP V LLC, PEP V Inc. and PEP IV Inc.; (3) members of PEP LLC; and (4) members of PEP IV LLC, and may be deemed to share beneficial ownership of shares owned by PEP V, PEP V-A, PEP IV, PEOP IV, PEP EDMC LLC, PEP V Inc., PEP IV Inc. and PEP LLC or held by Messrs. Salem and Wilde as nominees for such entities. Each of Messrs. Nelson, Creamer and Salem disclaims this beneficial ownership, except to the extent of each of their respective pecuniary interests therein. See Exhibit 99.1, incorporated by reference herein. Due to the technical limitation of the number of reporting persons included in each individual filing, this Form 4 is being filed in two parts. This is Part 1 of 2. /s/ Paul J. Salem 2012-01-03