del Corro Pedro's Form 4 filing
Laureate Education, Inc.LAUR · filed Mar 18, 2024
- Accession no.
- 0001415889-24-008339
- Filed
- Mar 18, 2024
- Trade date
- Oct 29, 2021-Mar 5, 2024
- Filing delay
- 871 daysLate
- Rule 10b5-1 plan
- Not checked
This filing lists 8 non-derivative transactions and 1 derivative transaction. Open-market sales total $606.2K. It was filed 871 days after the trade, past the 2-business-day deadline.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| del Corro PedroCIK 0001696382 | Director |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Oct 29, 2021 | Common Stock | AGrant or awardAcquired | +47,661 | –F1 | – | 47,661 | Indirect | |
| Nov 14, 2023 | Common Stock | SSaleDisposed | −614 | $13.38F3 | −$8,215.32 | 47,047 | Indirect | |
| Nov 15, 2023 | Common Stock | SSaleDisposed | −14,634 | $12.70 | −$185,851.8 | 32,413 | Indirect | |
| Nov 15, 2023 | Common Stock | SSaleDisposed | −154 | $13.31F4 | −$2,049.74 | 32,259 | Indirect | |
| Dec 1, 2023 | Common Stock | SSaleDisposed | −6,830 | $13.05F5 | −$89,131.5 | 25,429 | Indirect | |
| Mar 5, 2024 | Common Stock | SSaleDisposed | −23,258 | $12.62F6 | −$293,515.96 | 0 | Indirect | |
| Mar 5, 2024 | Common Stock | SSaleDisposed | −1,086 | $12.62F6 | −$13,705.32 | 46,729 | Direct | |
| Mar 5, 2024 | Common Stock | SSaleDisposed | −1,085 | $12.62F6 | −$13,692.7 | 5,957 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Oct 29, 2021 | Class A Common Stock | DReturned to the companyDisposed | −47,661 | $0.00 | $0 | 0 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Pursuant to the Issuer's Amended and Restated Certificate of Incorporation, the Class B Common Stock of the Issuer converted into Common Stock of the Issuer effective as of October 29, 2021. Such Class B Common Stock was previously indirectly held by Wengen Alberta, Limited Partnership ("Wengen"). Mr. del Corro indirectly beneficially owned these shares of Class B Common Stock by virtue of the limited partnership interests held directly and indirectly in Wengen.
Referenced by the price of 1 transaction in Table I.
- F3
This transaction was executed by Wengen in multiple trades at prices ranging from $13.270 to $13.435 on November 14, 2023. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon 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 transaction was effected.
Referenced by the price of 1 transaction in Table I.
- F4
This transaction was executed by Wengen in multiple trades at prices ranging from $13.150 to $13.480 on November 15, 2023. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon 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 transaction was effected.
Referenced by the price of 1 transaction in Table I.
- F5
This transaction was executed by Wengen in multiple trades at prices ranging from $13.250 to $13.330 on December 1, 2023. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon 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 transaction was effected.
Referenced by the price of 1 transaction in Table I.
- F6
On March 5, 2024, Mr. del Corro and his spouse and certain other investors in the Issuer entered into a Stock Purchase Agreement with the Issuer pursuant to which such investors sold certain shares of Common Stock to the Issuer at a price of $12.62 per share. In connection with such Stock Purchase Agreement, Wengen redeemed the interests of certain investors, including Mr. del Corro and his spouse, and certain investment partnerships through which Mr. del Corro and his spouse indirectly held shares, by distributing to such investors certain shares of Common Stock previously indirectly attributable to such investors, including 1,086 shares and 1,085 shares distributed to Mr. del Corro and his spouse, respectively, and 23,258 shares distributed to certain investment partnerships through which Mr. del Corro and his wife indirectly held shares, which shares were then sold to the Issuer pursuant to the Stock Purchase Agreement.
Referenced by the price of 3 transactions in Table I.