X0306 4 2018-06-17 0000912766 LAUREATE EDUCATION, INC. LAUR 0001292178 Serck-Hanssen Eilif 650 S. EXETER STREET 12TH FLOOR BALTIMORE MD 21202 1 1 Chief Executive Officer Class A Common Stock 2018-06-17 4 C 0 15750 0 A 98765 D Performance Share Units 2018-06-17 4 M 0 8643 0 D Class B Common Stock 8643 0 D Class B Common Stock 2018-06-17 4 M 0 8643 0 A Class A Common Stock 8643 60961 D Restricted Stock Units 2018-06-17 4 M 0 21607 0 D 2018-06-17 Class B Common Stock 21607 0 D Class B Common Stock 2018-06-17 4 M 0 21607 0 A Class A Common Stock 21607 82568 D Class B Common Stock 2018-06-17 4 F 0 14500 0 D Class A Common Stock 14500 68068 D Class B Common Stock 2018-06-17 4 C 0 15750 0 D Class A Common Stock 15750 52318 D Each Performance Share Unit ("PSU") represents the right to receive one share of Class B Common Stock of the Company. As previously reported in footnote 6 on the Form 3 filed by the reporting person with the U.S. Securities and Exchange Commission on January 31, 2017, these PSUs were to vest upon the achievement by the Company of the applicable financial metrics, subject to the reporting person's continued employment with the Company, through June 17, 2018. Each share of the Company's Class B Common Stock is convertible into one share of the Company's Class A Common Stock upon the election of the holder or upon transfer, subject to the terms of the Company's Amended and Restated Certificate of Incorporation. As previously reported at footnote 8 of the reporting person's Form 3, each Restricted Stock Unit ("RSU") represents the right to receive one share of the Class B Common Stock of the Company and was issuable as shares of Class B Common Stock provided the reporting person remained employed through June 17, 2018. On the trading day immediately prior to June 17, 2018, the closing price of one share of the Company's Class A Common Stock traded on the NASDAQ Stock Exchange was $14.63. On June 18, 2018, 14,500 shares of the Company's Class B Common Stock otherwise issueable upon the vesting of the RSUs and PSUs reported herein were forfeited to pay the applicable withholding taxes due in connection with these vestings. /s/ Sean P. Mulcahy, Attorney-in-Fact 2018-06-19