<SEC-DOCUMENT>0000895345-21-000484.txt : 20210428
<SEC-HEADER>0000895345-21-000484.hdr.sgml : 20210428
<ACCEPTANCE-DATETIME>20210428211553
ACCESSION NUMBER:		0000895345-21-000484
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20201208
FILED AS OF DATE:		20210428
DATE AS OF CHANGE:		20210428

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			COHEN STEVEN A/SAC CAPITAL MGMT LP
		CENTRAL INDEX KEY:			0000905226

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38002
		FILM NUMBER:		21866672

	BUSINESS ADDRESS:	
		STREET 1:		C/O SAC CAPITAL ADVISORS LLC
		STREET 2:		72 CUMMINGS POINT ROAD
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06902
		BUSINESS PHONE:		2038902153

	MAIL ADDRESS:	
		STREET 1:		C/O SAC CAPITAL ADVISORS LLC
		STREET 2:		72 CUMMINGS POINT ROAD
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06902

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>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2020-12-08</periodOfReport>

    <issuer>
        <issuerCik>0000912766</issuerCik>
        <issuerName>LAUREATE EDUCATION, INC.</issuerName>
        <issuerTradingSymbol>LAUR</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000905226</rptOwnerCik>
            <rptOwnerName>COHEN STEVEN A/SAC CAPITAL MGMT LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>72 CUMMINGS POINT ROAD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>STAMFORD</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06902</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>true</isOther>
            <otherText>Director-by-Deputization</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2021-03-26</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>3199192</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3817920</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes.</value>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2020-12-08</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F5"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>13620</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F5"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>618728</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes.</value>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Class B Common Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F6"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2021-03-26</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>3199192</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F6"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F6"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>3199192</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>12796782</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes.</value>
                    <footnoteId id="F4"/>
                    <footnoteId id="F7"/>
                    <footnoteId id="F8"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Upon distribution of shares of Class B common stock (&quot;Class B Common Stock&quot;) of Laureate Education, Inc. (the &quot;Issuer&quot;) by Wengen Alberta, Limited Partnership (&quot;Wengen&quot;) to its investors pro rata based on their respective ownership interest in Wengen, such shares of Class B Common Stock automatically converted into shares of Class A common stock of the Issuer (&quot;Class A Common Stock&quot;) on a one-for-one basis.</footnote>
        <footnote id="F2">Includes 6,498 shares of Class A Common Stock that were previously reported on a Form 4 filed by the Reporting Person on May 14, 2020.  While that Form 4 included these 6,498 shares of Class A Common Stock in the Reporting Person's beneficial ownership of Class A Common Stock, that filing did not identify the fact that these 6,498 shares of Class A Common Stock had been acquired as a result of the conversion of an equivalent number of shares of Class B Common Stock that occurred on June 18, 2019.</footnote>
        <footnote id="F3">An aggregate of 602,864 shares of Class A Common Stock are held directly by a fund in which the Reporting Person may be deemed to have an indirect pecuniary interest as an indirect holder of interests in the fund.  In addition, 3,215,056 shares of Class A Common Stock, including 15,864 shares of Class A common stock that were issued pursuant to the Issuer's non-employee director compensation program, are held directly by CPV Holdings, LLC (&quot;CPV Holdings&quot;).  CPV Partners, LLC (&quot;CPV&quot;) has investment management authority over CPV Holdings.  Steven A. Cohen is the managing member of CPV Holdings and the senior managing member of CPV.  By virtue of his relationship to CPV and CPV Holdings, Steven A. Cohen may be deemed to have beneficial ownership over the shares of Class A Common Stock held by CPV Holdings.</footnote>
        <footnote id="F4">The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of the Reporting Person's pecuniary interest therein.  This filing shall not be deemed an admission that the Reporting Person is subject to Section 16 of the Securities Exchange Act of 1934, as amended (the &quot;Exchange Act&quot;), and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of any securities reported herein for purposes of Section 16 of the Exchange Act or otherwise.</footnote>
        <footnote id="F5">The Reporting Person filed a Form 4 on May 14, 2020 to report an indirect pecuniary interest, by virtue of membership interests he holds in CPV Holdings, in a grant of 3,405 shares of Class A Common Stock and 10,215 restricted stock units (&quot;RSUs&quot;) issued directly to Andrew Cohen (&quot;AC&quot;) by the Issuer as part of the 2020 annual retainer for non-employee director service in connection with AC's service as a director of the Issuer.  As reported in that Form 4 filing, AC is an employee of an affiliate of CPV Holdings and had an obligation to transfer these shares and restricted stock units for no consideration to CPV Holdings.  On December 8, 2020, a decision was made to allow AC to retain the 13,620 shares of Class A Common Stock reported in the May 14, 2020 Form 4 filing, with the Reporting Person giving up his right to these 13,620 shares for no value.</footnote>
        <footnote id="F6">Each share of Class B Common Stock 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="F7">Shares of Class B Common Stock are 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 CPV and certain other investors (collectively, the &quot;Wengen Investors&quot;) have interests in the Issuer through Wengen. The Reporting Person and certain of the other Wengen Investors have designated representatives who serve as the members of the board of directors of Wengen GP.</footnote>
        <footnote id="F8">CPV Holdings holds, directly and indirectly, limited partnership interests in Wengen which collectively would entitle it to receive approximately 12,796,782 underlying shares of Class A common stock upon a distribution by Wengen of an equivalent number of shares of Class B Common Stock.  CPV, by virtue of its investment management authority over CPV Holdings, indirectly beneficially owns such 12,796,782 shares of Class B Common Stock.  By virtue of his relationship to CPV and CPV Holdings, Steven A. Cohen may be deemed to have beneficial ownership over the shares of Class B Common Stock held by CPV Holdings.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>STEVEN A. COHEN: By: /s/ Jason M. Colombo, Authorized Signatory</signatureName>
        <signatureDate>2021-04-28</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
