X0306 4 2017-09-29 1 0000912766 LAUREATE EDUCATION, INC. LAUR 0001532604 Guimaraes Enderson 650 S. EXETER STREET 12TH FLOOR BALTIMORE MD 21202 1 See Remarks Restricted Stock Units 2017-09-29 4 M 0 73437 0 D 2017-09-29 Class B Common Stock 73437 0 D Class B Common Stock 2017-09-29 4 M 0 73437 0 A Class A Common Stock 73437 73437 D Class B Common Stock 2017-09-29 4 F 0 30807 14.55 D Class A Common Stock 30807 42630 D Each Restricted Stock Unit ("RSU") represents the right to receive one share of Class B Common Stock ("Class B Common Stock") of Laureate Education, Inc. (the "Company"). As previously reported in the Company's Filing 8-K filed on March 28, 2017, the Reporting Person entered into a Separation Agreement with the Company (a copy of which was attached to the Company's filing 10-k filed on May 11, 2017) (the "Separation Agreement"). Pursuant to the terms of the Separation Agreement, vesting of the Reporting Person's RSUs was accelerated as of the Reporting Person's last day of employment by the Company. The Reporting Person's Employment terminated as of September 30, 2017. As this date was a Saturday, the RSUs vested as of the immediately prior business day, September 29, 2017 (the "Separation Date"). As of the Separation Date, the Reporting Person owned 73,437 RSUs. Each share of Class B Common Stock of Laureate Education, Inc. (the "Company") is convertible into one share of Class A Common Stock of the Company upon the election of the holder or upon transfer, subject to the terms of the Company's Amended and Restated Certificate of Incorporation. On the trading day immediately prior to the Separation Date, the closing price of one share of the Company's Class A Common Stock traded on the NASDAQ Stock Exchange was $14.55. On September 29, 2017, 30,807 shares of the Company's Class B Common Stock otherwise issuable upon the vesting of the RSUs were forfeited to pay the applicable withholding taxes due in connection with the RSUs' vesting. As previously reported on Form 8-K filed on March 28, 2017, the Reporting Person's employment as President and Chief Operating Officer of Laureate Education, Inc. terminated effective March 23, 2017. /s/ Sean P. Mulcahy, Attorney-in-Fact 2017-10-03