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Career Education Corp. Message Board

  • I guess that I am not smart enough to figure this out. From I have read beneficial owners with more than a 10% stake can get special voting powers.

    From the SEC filings.

    SHARED VOTING POWER 7,139,042

    5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)

    3,661,549

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    • yesterday's filing shows just under 7 million shares owned in total. I made the same mistake. You will notice similar sized sales reported twice for each date...representing the two LLC's. Add them both to find the total shares held.

      • 2 Replies to truth2252
      • I see said the blind man. 8) I do not remember them being broken down like this when I looked before. The bottom 2 lines are 2 different divisions, both selling. So they have 6.935 M shares remaining. Good, at the rate that they are selling that won't last long.

        1. Title of Security (Instr. 3)

        2. Transaction Date (Month/Day/Year)

        2A. Deemed Execution Date, if any (Month/Day/Year)

        3. Transaction Code (Instr. 8)

        4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)

        5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)

        6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)

        7. Nature of Indirect Beneficial Ownership (Instr. 4)

        Code

        V

        Amount

        (A) or (D)

        Price

        Common Stock 17,779 D (1)
        Common Stock 09/09/2013 S 83,400 D $2.65 3,543,826 D (2)
        Common Stock 09/09/2013 S 84,112 D $2.65 3,577,437 D (3)
        Common Stock 09/10/2013 S 48,700 D $2.67 3,495,126 D (2)
        Common Stock 09/10/2013 S 49,144 D $2.67 3,528,293 D (3)
        Common Stock 09/11/2013 S 43,700 D $2.68 3,451,426 D (2)
        Common Stock 09/11/2013 S 44,098 D $2.68 3,484,195 D (3)

        Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned

      • Thanks I will check it out.

    • Additional;

      $1.1M of CECO sold by Blum Strategic Gp Iv, L.L.C. between 09/04/2013 - 09/06/2013
      Blum Strategic Gp Iv, L.L.C sold 430,000 shares of Career Education Corp stock, or $1,123,130 worth, as noted in an SEC Filing today. As reported in the filing, the transactions occurred between September 4, 2013 - September 6, 2013. After the transaction, Blum Strategic Gp Iv, L.L.C's stake was reported as 3,627,226 shares of Career Education Corp stock.

 
CECO
3.78+0.27(+7.69%)Aug 28 4:00 PMEDT