XNAS:EDMC Education Management Corp Insider Activity 4 Filing - 9/13/2012

Effective Date 9/13/2012

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Guida Anthony
  2. Issuer Name and Ticker or Trading Symbol
EDUCATION MANAGEMENT CORPORATION [EDMC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
See remarks
(Last)
(First)
(Middle)
C/O EDUCATION MANAGEMENT CORPORATION, 210 SIXTH AVENUE, 33RD FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
09/13/2012
(Street)

PITTSBURGH, PA 15222
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (right to buy) $11.18 09/13/2012   D     11,855 06/01/2011 05/31/2016 Common Stock 11,855 (1) 11,855 D  
Employee Stock Options (right to buy) $11.18 09/13/2012   D     11,855   (2) 05/31/2016 Common Stock 11,855 (1) 11,855 D  
Employee Stock Options (right to buy) $18 09/13/2012   D     22,369   (3) 09/30/2019 Common Stock 22,369 (1) 22,369 D  
Employee Stock Options (right to buy) $14.68 09/13/2012   D     38,000   (4) 09/29/2020 Common Stock 38,000 (1) 38,000 D  
Employee Stock Options (right to buy) $20.93 09/13/2012   D     38,000   (5) 11/02/2021 Common Stock 38,000 (1) 38,000 D  
Employee Stock Options (right to buy) $3.59 09/13/2012   A   7,956   09/13/2013 05/31/2017 Common Stock 7,956 (6) 27,772 D  
Employee Stock Options (right to buy) $3.59 09/13/2012   A   7,956     (7) 05/31/2017 Common Stock 7,956 (6) 27,772 D  
Employee Stock Options (right to buy) $3.59 09/13/2012   A   15,426     (8) 09/30/2019 Common Stock 15,426 (6) 15,426 D  
Employee Stock Options (right to buy) $3.59 09/13/2012   A   29,230     (9) 09/29/2020 Common Stock 29,230 (6) 29,230 D  
Employee Stock Options (right to buy) $3.59 09/13/2012   A   26,950     (10) 11/02/2021 Common Stock 26,950 (6) 26,950 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Guida Anthony
C/O EDUCATION MANAGEMENT CORPORATION
210 SIXTH AVENUE, 33RD FLOOR
PITTSBURGH, PA 15222
      See remarks  

Signatures

 /s/: J. Devittt Kramer, Attorney-In-Fact   09/17/2012
** Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The reporting person agreed to cancellation of these options in exchange for new options having a lower exercise price.
(2) Options were to vest based on investment returns to certain of the Company's shareholders.
(3) Options were to vest in four equal annual installments on each October 1, 2010 to 2014.
(4) Options were to vest in four equal annual installments on each September 30, 2011 to 2015.
(5) Options were to vest in four equal annual installments on each November 3, 2012 to 2015.
(6) The reporting person agreed to the cancellation of options previously granted to him in exchange for new options having a lower exercise price.
(7) Options vest based on investment returns to certain of the Company's shareholders, which have not been staisfied.
(8) Of these options, 75% vest on September 13, 2013 and 25% vest on October 1, 2014.
(9) Of these options, 50% vest on September 13, 2013 and 25% vest on September 30, 2014 and 25% vest on September 30, 2015.
(10) Of these options, 25% vest on September 13, 2013 and the remainder vest in three equal annual installments on each November 2, 2013 to 2015.
 
Remarks:
Senior Vice President - Regulatory Affairs and Strategic Development

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XNAS:EDMC Education Management Corp Insider Activity 4 Filling

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XNAS:EDMC Education Management Corp Insider Activity 4 Filing - 9/13/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Popularity |  Our Choices Title |  Date |  Company |  Symbol |  Interest |  Popularity

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