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UNITED STATES |
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SECURITIES AND EXCHANGE COMMISSION |
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Washington, DC 20549 |
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Career Education Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
141665109
(CUSIP Number)
January 8, 2016
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
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Rule 13d-1(b) |
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Rule 13d-1(c) |
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Rule 13d-1(d) |
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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1. |
Names of Reporting Persons Steven D. Lebowitz | |||
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2. |
Check the Appropriate Box if a Member of a Group | |||
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(a) |
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(b) |
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3. |
SEC Use Only | |||
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4. |
Citizenship or Place of Organization | |||
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Number of |
5. |
Sole Voting Power | |||
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6. |
Shared Voting Power | ||||
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7. |
Sole Dispositive Power | ||||
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8. |
Shared Dispositive Power | ||||
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9. |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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10. |
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o | |||
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11. |
Percent of Class Represented by Amount in Row (9) | |||
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12. |
Type of Reporting Person | |||
(1) The number of shares reported as beneficially owned is as of February 2, 2016.
(2) This number includes shares beneficially owned by The Lebowitz Family, LLC, a trust over which Mr. Lebowitz serves as a co-trustee and has sole voting and sole dispositive power.
(3) This number includes shares beneficially owned by (a) Deborah P. Lebowitz, (b) The Steven & Deborah Lebowitz Foundation and (c) the Lebowitz Family Trust 1986, dated October 7, 1986, as amended (the Trust), a revocable living trust over which Mr. Lebowitz serves as a co-trustee and has shared voting and shared dispositive power.
(4) As of the date of this filing, based on 67,996,409 shares of common stock of Career Education Corporation (the Issuer) outstanding as of October 28, 2015, as reported in the Issuers Quarterly Report on Form 10-Q for the quarter ended September 30, 2015 filed with the U.S. Securities and Exchange Commission on November 4, 2015.
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1. |
Names of Reporting Persons Deborah P. Lebowitz | |||
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2. |
Check the Appropriate Box if a Member of a Group | |||
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(a) |
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(b) |
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3. |
SEC Use Only | |||
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4. |
Citizenship or Place of Organization | |||
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Number of |
5. |
Sole Voting Power | |||
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6. |
Shared Voting Power | ||||
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7. |
Sole Dispositive Power | ||||
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8. |
Shared Dispositive Power | ||||
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9. |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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10. |
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o | |||
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11. |
Percent of Class Represented by Amount in Row (9) | |||
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12. |
Type of Reporting Person | |||
(1) The number of shares reported as beneficially owned is as of February 2, 2016.
(2) This number includes shares beneficially owned by (a) The Steven & Deborah Lebowitz Foundation and (b) the Trust, a revocable living trust over which Mrs. Lebowitz serves as a co-trustee and has shared voting and shared dispositive power.
(3) As of the date of this filing, based on 67,996,409 shares of common stock of the Issuer outstanding as of October 28, 2015, as reported in the Issuers Quarterly Report on Form 10-Q for the quarter ended September 30, 2015 filed with the U.S. Securities and Exchange Commission on November 4, 2015.
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1. |
Names of Reporting Persons The Steven & Deborah Lebowitz Foundation | |||
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2. |
Check the Appropriate Box if a Member of a Group | |||
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(a) |
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(b) |
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3. |
SEC Use Only | |||
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4. |
Citizenship or Place of Organization | |||
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Number of |
5. |
Sole Voting Power | |||
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6. |
Shared Voting Power | ||||
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7. |
Sole Dispositive Power | ||||
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8. |
Shared Dispositive Power | ||||
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9. |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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10. |
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o | |||
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11. |
Percent of Class Represented by Amount in Row (9) | |||
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12. |
Type of Reporting Person | |||
(1) The number of shares reported as beneficially owned is as of February 2, 2016.
(2) As of the date of this filing, based on 67,996,409 shares of common stock of the Issuer outstanding as of October 28, 2015, as reported in the Issuers Quarterly Report on Form 10-Q for the quarter ended September 30, 2015 filed with the U.S. Securities and Exchange Commission on November 4, 2015.
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1. |
Names of Reporting Persons The Lebowitz Family, LLC | |||
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2. |
Check the Appropriate Box if a Member of a Group | |||
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(a) |
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(b) |
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3. |
SEC Use Only | |||
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4. |
Citizenship or Place of Organization | |||
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Number of |
5. |
Sole Voting Power | |||
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6. |
Shared Voting Power | ||||
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7. |
Sole Dispositive Power | ||||
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8. |
Shared Dispositive Power | ||||
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9. |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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10. |
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o | |||
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11. |
Percent of Class Represented by Amount in Row (9) | |||
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12. |
Type of Reporting Person | |||
(1) The number of shares reported as beneficially owned is as of February 2, 2016.
(2) As of the date of this filing, based on 67,996,409 shares of common stock of the Issuer outstanding as of October 28, 2015, as reported in the Issuers Quarterly Report on Form 10-Q for the quarter ended September 30, 2015 filed with the U.S. Securities and Exchange Commission on November 4, 2015.
Item 1(a). |
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Name of Issuer: | ||
Item 1(b). |
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Address of Issuers Principal Executive Offices: Schaumburg, IL 60173 | ||
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Item 2(a). |
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Name of Person Filing: Deborah P. Lebowitz The Steven & Deborah Lebowitz Foundation The Lebowitz Family, LLC | ||
Item 2(b). |
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Address of Principal Business Office, or if none, Residence: Beverly Hills, CA 90210 | ||
Item 2(c). |
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Citizenship: Deborah P. Lebowitz United States The Steven & Deborah Lebowitz Foundation California The Lebowitz Family, LLC Delaware | ||
Item 2(d). |
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Title of Class of Securities: | ||
Item 2(e). |
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CUSIP Number: | ||
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Item 3. |
If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: | |||
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(a) |
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Broker or dealer registered under section 15 of the Exchange Act. | |
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(b) |
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Bank as defined in section 3(a)(6) of the Exchange Act. | |
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(c) |
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Insurance company as defined in section 3(a)(19) of the Exchange Act. | |
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(d) |
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Investment company registered under section 8 of the Investment Company Act. | |
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(e) |
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An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); | |
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(f) |
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An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); | |
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(g) |
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A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); | |
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(h) |
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A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; | |
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(i) |
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A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act; | |
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(j) |
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A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); | |
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(k) |
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Group, in accordance with Rule 13d-1(b)(1)(ii)(K). | |
If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:____________________________ | ||||
Item 4. |
Ownership**. | ||
Provide the following information regarding the aggregate number and percentage of the class of securities of the Issuer identified in Item 1. | |||
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(a) |
Amount beneficially owned: Steven D. Lebowitz: 3,625,066
Deborah P. Lebowitz: 1,018,882
The Steven & Deborah Lebowitz Foundation: 75,000
The Lebowitz Family, LLC: 241,784 | |
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(b) |
Percent of class: Steven D. Lebowitz: 5.33%
Deborah P. Lebowitz: 1.50%
The Steven & Deborah Lebowitz Foundation: 0.11%
The Lebowitz Family, LLC: 0.36% | |
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(c) |
Number of shares as to which such person has:
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(i) |
Sole power to vote or to direct the vote: Steven D. Lebowitz: 2,606,184
Deborah P. Lebowitz: 0
The Steven & Deborah Lebowitz Foundation: 0
The Lebowitz Family, LLC: 0 |
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(ii) |
Shared power to vote or to direct the vote: Steven D. Lebowitz: 1,018,882
Deborah P. Lebowitz: 1,018,882
The Steven & Deborah Lebowitz Foundation: 75,000
The Lebowitz Family, LLC: 241,784 |
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(iii) |
Sole power to dispose or to direct the disposition of: Steven D. Lebowitz: 2,606,184
Deborah P. Lebowitz: 0
The Steven & Deborah Lebowitz Foundation: 0
The Lebowitz Family, LLC: 0 |
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(iv) |
Shared power to dispose or to direct the disposition of: Steven D. Lebowitz: 1,018,882
Deborah P. Lebowitz: 1,018,882
The Steven & Deborah Lebowitz Foundation: 75,000
The Lebowitz Family, LLC: 241,784 |
**See footnotes on the cover pages, which are incorporated by reference herein.
Item 5. |
Ownership of Five Percent or Less of a Class. |
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities check the following o. | |
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Item 6. |
Ownership of More than Five Percent on Behalf of Another Person. |
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N/A |
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Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
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N/A |
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Item 8. |
Identification and Classification of Members of the Group. |
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See Exhibit B. |
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Item 9. |
Notice of Dissolution of Group. |
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N/A |
Item 10. |
Certifications. |
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect, other than activities solely in connection with a nomination under §240.14a11. |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Steven D. Lebowitz |
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By: |
/s/ ANDREW COLLINS |
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Andrew Collins, Attorney-In-Fact |
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Deborah P. Lebowitz |
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By: |
/s/ ANDREW COLLINS |
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Andrew Collins, Attorney-In-Fact |
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The Steven & Deborah Lebowitz Foundation |
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By: |
/s/ ANDREW COLLINS |
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Andrew Collins, Attorney-In-Fact |
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The Lebowitz Family, LLC |
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By: |
/s/ ANDREW COLLINS |
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Andrew Collins, Attorney-In-Fact |
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Date: February 12, 2016 |
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