<SEC-DOCUMENT>0001104659-19-050306.txt : 20190916
<SEC-HEADER>0001104659-19-050306.hdr.sgml : 20190916
<ACCEPTANCE-DATETIME>20190916200209
ACCESSION NUMBER:		0001104659-19-050306
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190912
FILED AS OF DATE:		20190916
DATE AS OF CHANGE:		20190916

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HOEHN SARIC RULDOLF CHRISTOPHER
		CENTRAL INDEX KEY:			0001011193

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38002
		FILM NUMBER:		191095821

	MAIL ADDRESS:	
		STREET 1:		C/O STERLING PARTNERS
		STREET 2:		401 NORTH MICHIGAN AVENUE, SUITE 3300
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60611

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LAUREATE EDUCATION, INC.
		CENTRAL INDEX KEY:			0000912766
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EDUCATIONAL SERVICES [8200]
		IRS NUMBER:				521492296
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		650 S. EXETER STREET
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21202
		BUSINESS PHONE:		4108436100

	MAIL ADDRESS:	
		STREET 1:		650 S. EXETER STREET
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SYLVAN LEARNING SYSTEMS INC
		DATE OF NAME CHANGE:	19930929
</SEC-HEADER>
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        <issuerName>LAUREATE EDUCATION, INC.</issuerName>
        <issuerTradingSymbol>LAUR</issuerTradingSymbol>
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            <rptOwnerName>HOEHN SARIC RULDOLF CHRISTOPHER</rptOwnerName>
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            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60611</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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                <value>Class B Common Stock</value>
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                <footnoteId id="F3"/>
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                <footnoteId id="F3"/>
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                    <value>Class A Common Stock</value>
                    <footnoteId id="F4"/>
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                    <value>406947</value>
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                    <footnoteId id="F7"/>
                    <footnoteId id="F9"/>
                    <footnoteId id="F10"/>
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                <transactionPricePerShare>
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                </transactionPricePerShare>
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                <footnoteId id="F3"/>
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                <directOrIndirectOwnership>
                    <value>I</value>
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    <footnotes>
        <footnote id="F1">Represents the number of shares that were acquired upon conversion of Class B Common Stock to Class A Common Stock.</footnote>
        <footnote id="F2">The shares of Class A Common Stock were sold in an underwritten public offering in which Wengen Alberta, Limited Partnership (&quot;Wengen&quot;) was the sole selling stockholder.</footnote>
        <footnote id="F3">Each share of Class B Common Stock of Laureate Education, Inc. (the &quot;Issuer&quot;) is convertible into one share of Class A Common Stock upon the election of the holder or upon transfer, subject to the terms of the Issuer's Amended and Restated Certificate of Incorporation.</footnote>
        <footnote id="F4">An aggregate of 406,947 shares of Class B common stock converted automatically into 406,947 shares of Class A common stock upon transfer to the underwriter in connection with the public offering.</footnote>
        <footnote id="F5">An aggregate of 997,654 shares of Class B common stock converted automatically into 997,654 shares of Class A common stock upon transfer to the underwriter in connection with the public offering.</footnote>
        <footnote id="F6">Represents shares held directly by Wengen. Wengen Investments Limited (&quot;Wengen GP&quot;) is the general partner of Wengen. Certain investors, including, but not limited to, certain investment funds and other persons affiliated with or managed by Kohlberg Kravis Roberts &amp; Co. L.P., CPV Partners, LLC, StepStone Group LP, Sterling Fund Management, LLC and Snow Phipps Group, LLC (collectively, the &quot;Wengen Investors&quot;), have interests in the Issuer through Wengen. Affiliates of the Reporting Person and the other Wengen Investors have designated representatives who serve as members of the board of directors of Wengen GP.</footnote>
        <footnote id="F7">Represents shares that Sterling Capital Partners II, L.P. (&quot;SCP II LP&quot;) may be deemed to indirectly beneficially own by virtue of its limited partnership interest in Wengen. SC Partners II, L.P. (&quot;SC Partners II&quot;) is the general partner of SCP II LP, and Sterling Capital Partners II, LLC (&quot;SCP II LLC&quot;) is the general partner of SC Partners II. Douglas L. Becker, the Reporting Person and R. Christopher Hoehn-Saric are the managers of SCP II LLC, but, as memorialized in a memorandum of understanding, Mr. Becker does not share voting or investment power over these shares.</footnote>
        <footnote id="F8">Represents shares that Sterling Capital Partners III, L.P. (&quot;SCP III LP&quot;) may be deemed to indirectly beneficially own by virtue of its limited partnership interest in Wengen. SC Partners III, L.P. (&quot;SC Partners III&quot;) is the general partner of SCP III LP, and Sterling Capital Partners III, LLC (&quot;SCP III LLC,&quot; and, collectively with SCP III LP and SC Partners III, the &quot;Reporting Persons&quot;) is the general partner of SC Partners III. Douglas L. Becker, Steven M. Taslitz and R. Christopher Hoehn-Saric are the managers of SCP III LLC, but, as memorialized in a memorandum of understanding, Mr. Becker does not share voting or investment power over these shares.</footnote>
        <footnote id="F9">The shares of Class B Common Stock shown as beneficially owned in this report do not include other shares beneficially owned directly or indirectly, through Wengen or otherwise, by the Reporting Person.</footnote>
        <footnote id="F10">The Reporting Person disclaims beneficial ownership of these securities except to the extent of the Reporting Person's pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Avi Epstein, Attorney-in-Fact for R. Christopher Hoehn-Saric</signatureName>
        <signatureDate>2019-09-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
