Ownership Submission
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 *
SINGER PAULA R
   2. Issuer Name and Ticker or Trading Symbol
LAUREATE EDUCATION, INC. [LAUR] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Pres & CEO Online Higher Ed.
(Last)
(First)
(Middle)
1001 FLEET STREET		 3. Date of Earliest Transaction (Month/Day/Year)
08/19/1997
(Street)

BALTIMORE, MD 21202		 4. If Amendment, Date Original Filed(Month/Day/Year)
06/10/1998		 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
Common Stock 11/21/2000   M(8)   5,000 A $ 3.48 5,000 D  
Common Stock 11/21/2000   S   5,000 D $ 14.5625 0 D  
Common Stock 11/28/2000   M(8)   11,875 A $ 3.48 11,875 D  
Common Stock 11/28/2000   S   11,875 D $ 14.625 0 D  
Common Stock 03/07/2002   M(8)   14,000 A $ 16.7533 14,000 D  
Common Stock 05/07/2002   S   14,000 D $ 27.75 0 D  
Common Stock 05/08/2002   M(8)   14,125 A $ 16.7533 14,125 D  
Common Stock 05/08/2002   S   14,125 D $ 28 $ 0 D  
Common Stock 04/30/2003   A(9)   30,000 A $ 0 30,000 D  
Common Stock 05/25/2004   M(8)   25,000 A $ 12.31 52,936 (10) D  
Common Stock 05/25/2004   S   25,000 D $ 36.0438 27,936 D  
Common Stock 01/26/2005   M(8)   36,000 A $ 27.3733 63,936 D  
Common Stock 01/26/2005   S   36,000 D $ 43.5184 27,936 D  
Common Stock 05/10/2005   F(15)   2,387 D $ 44.22 25,549 D  
Common Stock 12/13/2005   A(11)   20,000 A $ 0 45,549 D  
Common Stock (TOTAL Dir Own)               42,413 (12) D  
Common Stock               1,020 I Held in Company 401(k)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
options (rt to buy) $ 3.48 08/25/1995(13)   A(4)   76,500     (1)   (6) common stock 76,500 $ 0 76,500 D  
options (rt to buy) $ 16.7533 12/18/1996   A(4)   28,125     (1) 12/18/2006 common stock 28,125 $ 0 104,625 D  
options (rt to buy) $ 27.37 09/19/1997   A(4)   56,250     (1) 09/19/2007 common stock 56,250 $ 0 139,875 (14) D  
options (rt to buy) $ 13.11 12/13/1999   A(4)   37,500     (1)   (6) Common Stock 37,500 $ 0 138,750 (3) D  
options (rt to buy) $ 12.31 12/13/1999   A(4)   37,500     (1) 12/13/2009 Common Stock 37,500 $ 0 176,250 D  
options (rt to buy) $ 46.37 09/20/2005   A   35,000     (2) 09/20/2012 Common Stock 35,000 $ 0 105,250 (5) D  
TOTAL options (rt to buy) (6)               (6)   (6) Common Stock (6)   85,000 (7) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SINGER PAULA R
1001 FLEET STREET
BALTIMORE, MD 21202		       Pres & CEO Online Higher Ed.  

Signatures

 Paula R. Singer   10/18/2006
**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) All options are currently vested and exercisable.
(2) As of 9/30/2006 8,750 options were vested and exercisable. An additional 2,187 option will vest and become exercisable on 12/31/06 and each quarter thereafter, with the entire amount becoming vested and exercisable as of 9/30/2009.
(3) Includes the exercise of 38,625 of the 76,500 options which were granted on 8/25/1993 at a per share exercise price of $3.48 for which a Form 4 was filed.
(4) Acquisition of these options was never reported as a transaction. Rather, ownership of these options was reported as a holding on Ms. Singer's Forms 4.
(5) Includes the exercise of 1) 16,875 options in November 2000 at a per share exercise price of $3.48 per share, for which Forms 4 were filed; 2) 28,125 options in May 2002 at a per share exercise price of $16.75 per share, for which Forms 4 were filed; 3)25,000 options in May 2004 at a per share exercise price of $12.31, for which a Form 4 was filed and 4)the exercise of 36,000 options in January 2005 at a per share exercise price of $27.37, for which a Form 4 was filed.
(6) N/A
(7) Includes the exercise of 20,250 options in March 2006 at a per share exercise price of $27.37, for which a Form 4 was filed.
(8) These shares were acquired upon exercise of an option. A Form 4 was filed in connection with the option exercise, but that Form 4 did not list as a transaction the corresponding acquisition of these shares.
(9) Acquisition of these restricted shares by grant on 4/30/2003 was not reported as a transaction. Rather, ownership of these shares was initially reported on Ms. Singer's Form 4, filed on 5/17/2004. On this Form 4, Ms. Singer reported owning 24,000 shares of restricted stock and acquiring 3,936 shares of Common Stock. Together, this amount equals the 30,000 shares of restricted stock acquired by grant on 4/30/2003, less the 2,064 shares withheld on 5/12/2004 to pay the tax liability incurred by Ms. Singer when the restrictions lapsed as to 6,000 of the restricted shares on 4/30/2004. Restrictions lapsed as to an additional 6,000 shares on each of 4/30/2005 and 4/30/2006. 12,000 shares remain subject to risk of forfeiture, with risk of forfeiture lapsing as to 6,000 shares on each of 4/30/2007 and 4/30/2008.
(10) Reflects disposition of 2,064 shares, which was reported on Ms. Singer's Form 4, filed on 5/17/2004.
(11) These shares were acquired by grant. These shares remain subject to forfeiture, with risk of forfeiture lapsing as to 5,000 shares on each of March 21, 2007, March 31, 2008, March 31, 2009 and March 31, 2010, assuming specific performance criteria are met.
(12) Includes the acquisition of 20,250 shares upon exercise of option on 3/20/2006 and the corresponding sale of those shares on the same date, as to which transactions Ms. Singer filed a Form 4 on 3/20/2006. Also reflects 1,886 shares withheld on 5/5/2006 to pay the tax liability due upon lapse of 6,000 restricted shares on 4/30/2006, as to which transaction Ms. Singer filed a Form 4 on 5/9/2006; and 1,000 shares sold on 9/15/2006, as to which transaction Ms. Singer filed a Form 4 on 9/19/2006.
(13) Date of grant is 8/25/1993 but, the electronic form will not allow a date earlier than 1/1/1995.
(14) Includes the exercise of 21,000 of the 76,500 options granted on 8/25/1993 for which Forms 4 were filed.
(15) These shares were withheld to cover tax liability incurred by Ms. Singer when the restrictions lapsed as to 6,000 of the 30,000 restricted shares granted on 4/30/2003.

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