Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  ZENTZ ROBERT W
2. Date of Event Requiring Statement (Month/Day/Year)
01/31/2017
3. Issuer Name and Ticker or Trading Symbol
LAUREATE EDUCATION, INC. [LAUR]
(Last)
(First)
(Middle)
650 SOUTH EXETER STREET, 12TH FLOOR
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior VP, Secretary, GC
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

BALTIMORE, MD 21202
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock   (1)   (1) Class A Common Stock 37,278 $ 0 (1) D  
Employee Stock Option (right to buy)   (2) 10/02/2017 Class B Common Stock (1) 287,500 $ 18.36 D  
Employee Stock Option (right to buy)   (3) 10/02/2023 Class B Common Stock (1) 81,371 $ 23.2 D  
Employee Stock Option (right to buy)   (4) 10/02/2023 Class B Common Stock (1) 32,548 $ 23.2 D  
Employee Stock Option (right to buy)   (5) 07/10/2024 Class B Common Stock (1) 12,391 $ 23.2 D  
Employee Stock Option (right to buy)   (6) 07/10/2024 Class B Common Stock (1) 6,195 $ 23.2 D  
Employee Stock Option (right to buy)   (7) 03/04/2025 Class B Common Stock (1) 12,458 $ 23.2 D  
Employee Stock Option (right to buy)   (8) 03/04/2025 Class B Common Stock (1) 6,230 $ 23.2 D  
Employee Stock Option (right to buy)   (9) 05/02/2026 Class B Common Stock (1) 8,016 $ 23.24 D  
Performance Share Units   (10)   (10) Class B Common Stock (1) 10,296 $ (10) D  
Performance Share Units   (11)   (11) Class B Common Stock (1) 1,955 $ (11) D  
Performance Share Units   (12)   (12) Class B Common Stock (1) 3,262 $ (12) D  
Performance Share Units   (13)   (13) Class B Common Stock (1) 8,305 $ (13) D  
Performance Share Units   (14)   (14) Class B Common Stock (1) 4,285 $ (14) D  
Restricted Stock Units   (15)   (15) Class B Common Stock (1) 2,768 $ (15) D  
Restricted Stock Units 06/17/2018   (16) Class B Common Stock (1) 10,718 $ (16) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ZENTZ ROBERT W
650 SOUTH EXETER STREET
12TH FLOOR
BALTIMORE, MD 21202
      Senior VP, Secretary, GC  

Signatures

/s/ Sean P. Mulcahy, Attorney-in-Fact 01/31/2017
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) Each share of Class B Common Stock ("Class B Common Stock") of Laureate Education, Inc. (the "Company") is convertible into one share of Class A Common Stock of the Company ("Class A Common Stock") upon the election of the holder or upon transfer, subject to the terms of the Company's Amended and Restated Certificate of Incorporation.
(2) All of these options are exercisable immediately.
(3) 65,097 of these options are exercisable immediately. Subject to the reporting person's continued employment, 20% of these options will become exercisable on December 31, 2017.
(4) 19,529 of these options are exercisable immediately. Subject to the reporting person's continued employment, (A) 20% will become exercisable if the Company achieves the applicable equity value target determined pursuant to the Company's 2013 Long-Term Incentive Plan (the "Equity Value Target" and the "2013 Plan", respectively) with respect to fiscal year 2016; and (B) 20% will become exercisable if the Company achieves the applicable Equity Value Target with respect to fiscal year 2017.
(5) 7,434 of these options are exercisable immediately. Subject to the reporting person's continued employment, (A) 20% will become exercisable on December 31, 2017, and (B) 20% will become exercisable on December 31, 2018.
(6) 2,478 of these options are exercisable immediately. Subject to the reporting person's continued employment, (A) 20% will become exercisable if the Company achieves the applicable Equity Value Target with respect to fiscal year 2016, (B) 20% will become exercisable if the Company achieves the applicable Equity Value Target with respect to fiscal year 2017, (C) 20% will become exercisable if the Company achieves the applicable Equity Value Target with respect to fiscal year 2018.
(7) 4,983 of these options are exercisable immediately. Subject to the reporting person's continued employment, (A) 20% will become exercisable on December 31, 2017, (B) 20% will become exercisable on December 31, 2018, and (C) 20% will become exercisable on December 31, 2019.
(8) 1,246 of these options are exercisable immediately. Subject to the reporting person's continued employment, (A) 20% will become exercisable if the Company achieves the applicable Equity Value Target with respect to fiscal year 2016, (B) 20% will become exercisable if the Company achieves the applicable Equity Value Target with respect to fiscal year 2017, (C) 20% will become exercisable if the Company achieves the applicable Equity Value Target with respect to fiscal year 2018, and (D) 20% will become exercisable if the Company achieves the applicable Equity Value Target with respect to fiscal year 2019.
(9) 2,672 of these options are exercisable immediately. Subject to the reporting person's continued employment, (A) one-third (1/3) will become exercisable on December 31, 2017, and (B) one-third (1/3) will become exercisable on December 31, 2018.
(10) Each Performance Share Unit ("PSU") represents the right to receive one share of Class B Common Stock. On the vesting date, the reporting person will be issued a corresponding number of shares of Class B Common Stock. Subject to the reporting person's continued employment, (A) one-half (1/2) of these PSUs will vest if the Company achieves the applicable Equity Value Target with respect to fiscal year 2016, and (B) one-half (1/2) will vest if the Company achieves the applicable Equity Value Target with respect to fiscal year 2017.
(11) Each PSU represents the right to receive one share of Class B Common Stock. On the vesting date, the reporting person will be issued a corresponding number of shares of Class B Common Stock. Subject to the reporting person's continued employment, (A) one-third (1/3) of these PSUs will vest if the Company achieves the applicable Equity Value Target with respect to fiscal year 2016, (B) one-third (1/3) of these PSUs if the Company achieves the applicable Equity Value Target with respect to fiscal year 2017, and (C) one-third (1/3) of these PSUs will vest if the Company achieves the applicable Equity Value Target with respect to fiscal year 2018.
(12) Each PSU represents the right to receive one share of Class B Common Stock. On the vesting date, the reporting person will be issued a corresponding number of shares of Class B Common Stock. Subject to the reporting person's continued employment, (A) 20% of these PSUs will vest if the Company achieves the applicable Equity Value Target with respect to fiscal year 2015 based on the Company's audited financials for 2016, (B) 20% will vest if the Company achieves the applicable Equity Value Target with respect to fiscal year 2016, (C) 20% will vest if the Company achieves the applicable Equity Value Target with respect to fiscal year 2017, (D) 20% will vest if the Company achieves the applicable Equity Value Target with respect to fiscal year 2018, and (E) 20% will vest if the Company achieves the applicable Equity Value Target with respect to fiscal year 2019.
(13) Each PSU represents the right to receive one share of Class B Common Stock. On the vesting date, the reporting person will be issued a corresponding number of shares of Class B Common Stock. These PSUs will vest if certain performance goals with respect to these PSUs have been achieved. The total number of PSUs which can vest is determined based upon the Company's achievement of performance goals for the period from January 1, 2016 through December 31, 2018, as set forth in the award. Subject to the reporting person's continued employment, if the threshold performance goals are met, the minimum number of PSUs that will vest will be 4,152 and if the performance goals are exceeded the maximum number of PSUs that can vest will be 16,610. If the Company does not achieve the threshold level of performance, zero of these PSUs will become vested.
(14) Each PSU represents the right to receive one share of Class B Common Stock. On the vesting date, the reporting person will be issued a corresponding number of shares of Class B Common Stock. Subject to the reporting person's continued employment, (A) 50% of these PSUs will vest if the Company achieves the applicable Equity Value Target with respect to fiscal year 2016 based on the Company's audited financials for 2016 and 2017, and (B) 50% will vest if the Company achieves the applicable Equity Value Target with respect to fiscal year 2017.
(15) Each Restricted Stock Unit ("RSU") represents the right to receive one share of Class B Common Stock. On the vesting date, the reporting person will be issued a corresponding number of shares of Class B Common Stock. Subject to the reporting person's continued employment, (A) half (1/2) of these RSUs will vest on December 31, 2017, and (B) half (1/2) of these RSUs will vest on December 31, 2018.
(16) Subject to the reporting person's continued employment, on 6/17/18 all of these RSUs will vest and the reporting person will be issued a corresponding number of shares of Class B Common Stock.

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