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OMB APPROVAL
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OMB Number 3235-0287
Expires: December 31, 2001
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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(f) of the Investment Company Act of 1940
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Taunus Corporation
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(Last) (First) (Middle)
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(Street)
31 West 52nd Street
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(City) (State) (Zip)
New York NY 10019
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2. Issuer Name and Ticker or Trading Symbol
Strayer Education, Inc. (NASDAQ: STRA)
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3. IRS Identification Number of Reporting Person (if an entity) (voluntary)
1134060471
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4. Statement for Month/Year
May 2001
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing (Check applicable line)
[ ] Form filed by one Reporting Person
[X ] Form filed by more than one Reporting Person
* If the form is filed by more than one reporting person,
see Instruction 4(b)(v).
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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4.
Securities Acquired (A) or
3. Disposed of (D)
Transaction (Instr. 3, 4 and 5)
2. Code -----------------------------
1. Transaction (Instr. 8) (A)
Title of Security Date ------------ Amount or Price
(Instr. 3) (mm/dd/yy) Code V (D)
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(1) Common Stock 04/03/01 S 100 D $41.87
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(2) Common Stock 04/30/01 P 100 A $41.70
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(3) Common Stock 05/08/01 P 100 A $40.56
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(4) Common Stock 05/22/01 P 200 A $46.65
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(5) Common Stock 05/22/01 S 200 D $46.20
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Table I (cont.) -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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5. 6. Owner-
Amount of ship
Securities Form: 7.
Beneficially Direct Nature of
Owned at End (D) or Indirect
1. of Month Indirect Beneficial
Title of Security (Instr. 3 (I) Ownership
(Instr. 3) and 4) (Instr.4) (Instr. 4)
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(1) Common Stock
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(2) Common Stock
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(3) Common Stock
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(4) Common Stock
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(5) Common Stock 3,500 I By Deutsche Bank
Alex Brown(1)
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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)
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6.
Date
5. Exercisable and
2. 4. Number of Derivative Expiration Date
1. Conversion or Transaction Securities Acquired (A) (Month/Day/Year)
Title of Exercise 3. Code or Disposed of (D) ----------------
Derivative Price of Transaction (Instr. 8) (Instr. 3, 4 and 5) Date Expira-
Security Derivative Date (Month/ ------ ----------------------- Exer- tion
(Instr. 3) Security Day/Year) Code V (A) (D) cisable Date
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(1) Series A Convertible $26.00(3) 5/15/01 P 1,346,154 Immed.
Preferred Stock (1)
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(2) Options to Purchase $30.00 5/15/01 P 233,000 options Immed. 5/15/04
Common Stock
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Table II (cont.) -- Derivative Securities Acquired, Disposed of, or Beneficially
Owned (e.g., puts, calls, warrants, options, convertible securities)
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7.
Title and Amount
of Underlying 10.
Securities 9. Ownership
(Instr. 3 and 4) Number of Form of
---------------- Derivative Derivative 11.
1. Amount 8. Securities Securities Nature of
Title of or Price of Beneficially Beneficially Indirect
Derivative Number Derivative Owned Owned at Beneficial
Security of Security at End of Month End of Month Ownership
(Instr. 3) Title Shares (Instr. 5) (Instr.4) (Instr. 4) (Instr. 4)
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(1) Series A Convertible Common Stock 1,346,154 (4) $26.00 1,346,154 (4) I By DB Capital
Preferred Stock (1) Investors, L.P.(5)
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(2) Options To Purchase Common Stock 233,000 233,000 I
Common Stock
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Explanation of Responses:
(1) The 3,500 shares of common stock listed above are owned by Deutsche Bank
Alex. Brown Inc., a subsidiary of Taunus Corporation. DB Capital Investors,
L.P., DB Captial Partners, L.P. and DB Capital Partners, Inc., disclaim any
beneficial ownership of or any pecuniary interest in the 3,500 shares of
common stock listed above.
(2) The Series A Convertible Preferred Stock is subject to certain restrictions
as set forth in the Articles Supplementary of Strayer Education, Inc.
("Strayer") and a Shareholders Agreement, dated as of March 16, 2001, by
and between New Mountain Partners, L.P. ("New Mountain") and DB Capital
Investors, L.P. ("DBCI")
(3) The conversion price of the Series A Convertible Preferred Stock is subject
to certain antidilution adjustments.
(4) As of May 15, 2001 the number of shares of Common Stock underlying the
Series A Convertible Preferred Stock shall increase as dividends accumulate
and compound.
(5) DBCI is the direct owner of all the securities. DBCI pursuant to the
Preferred Stock Purchase Agreement (the "Preferred Stock Purchase
Agreement"), dated as of November 28, 2000, by and among Strayer, DBCI
and New Mountain, purchased 1,346,154 shares of Series A Convertible
Preferred Stock from Strayer for $35,000,000 on May 15, 2001.
Additionally, pursuant to the Support and Option Agreement (the
"Support and Option Agreement"), dated as of November 28,2000, by and
among Ron K. Bailey and Beverly W. Bailey (collectively, the
"Baileys"), Strayer, DBCI and New Mountain, DBCI was granted an option
by the Baileys to purchase up to 233,000 shares of Common Stock held
by the Baileys at any time after consummation of the transactions
contemplated by the Preferred Stock Purchase Agreement, which occurred
on May 15, 2001. DB Capital Partners, Inc. is an indirect wholly-owned
subsidiary of the Reporting Person and the general partner of DB
Capital Partners, L.P., which in turn is the general partner of DBCI.
Taunus Corporation
By: /s/ Damian P. Reitemeyer June 8, 2001
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**Signature of Reporting Person Date
JOINT FILER INFORMATION
Name: DB Capital Investors, L.P.
Addres: 130 Liberty street, 25th Floor, New York, New York 10006
By: DB CAPITAL PARTNERS, L.P., its General Partner
By: DB CAPITAL PARTNERS, Inc., its General Partner
Signature: /s/ Chares Ayres
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Name: DB Capital Partners, L.P.
Address: 130 Liberty Street, 25th Floor, New York, New York 10006
Signature: /s/ Charles Ayres
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Name: DB Capital Partners, Inc.
Address: 130 Liberty Street, 25th Floor, New York, New York 10006
Signature: /s/ Charles Ayres
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Designated Filer: Taunus Corporation
Issuer and Ticker Symbol: Strayer Education, Inc. (STRA)
Date of Event Requiring Statement: May 15, 2001
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
SEC 1472 Note: File three copies of this Form, one of which must be manually
(3-99) signed. If space is insufficient, see Instruction 6 for procedures.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB number.