0001209191-18-018831.txt : 20180312 0001209191-18-018831.hdr.sgml : 20180312 20180312160225 ACCESSION NUMBER: 0001209191-18-018831 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20180308 FILED AS OF DATE: 20180312 DATE AS OF CHANGE: 20180312 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Ayers Jeffrey David CENTRAL INDEX KEY: 0001316824 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-23245 FILM NUMBER: 18683377 MAIL ADDRESS: STREET 1: 231 N. MARTINGALE ROAD CITY: SCHAUMBURG STATE: IL ZIP: 60173 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CAREER EDUCATION CORP CENTRAL INDEX KEY: 0001046568 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 363932190 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 231 N. MARTINGALE ROAD CITY: SCHAUMBURG STATE: IL ZIP: 60173 BUSINESS PHONE: 8477813600 MAIL ADDRESS: STREET 1: 231 N. MARTINGALE ROAD CITY: SCHAUMBURG STATE: IL ZIP: 60173 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2018-03-08 0 0001046568 CAREER EDUCATION CORP CECO 0001316824 Ayers Jeffrey David CAREER EDUCATION CORPORATION 231 N. MARTINGALE ROAD SCHAUMBURG IL 60173 0 1 0 0 SVP, General Counsel Common Stock 2018-03-08 4 M 0 39500 13.32 A 196472 D Common Stock 2018-03-08 4 S 0 39141 13.89 D 157331 D Non-Qualified Stock Option (right to buy) 13.32 2018-03-08 4 M 0 39500 0.00 D 2018-03-12 Common Stock 39500 0 D The option exercise and sale reported on the Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 11, 2017. This transaction was executed in multiple trades at prices ranging from $13.68 to $14.13. The price reported in Column 4 reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon written request, to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected. Includes 121,924 restricted stock units granted pursuant to the Career Education Corporation 2008 or 2016 Incentive Compensation Plans, with each unit representing the contingent right to receive one share of Issuer's common stock. On March 13, 2008 the Reporting Person was granted 39,500 non-qualified stock options. The option grant vested in four installments on March 13, 2009, 2010, 2011 and 2012. /s/Jeffrey D. Ayers 2018-03-12