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OMB APPROVAL
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OMB Number 3235-0287
Expires: January 31, 2005
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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(h) of the Investment Company Act of 1940
[X ] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Taunus Corporation
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(Last) (First) (Middle)
31 West 52nd Street
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(Street)
New York, NY 10019
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Strayer Education, Inc. (NASD: STRA)
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
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4. Statement for Month/Day/Year
February 21, 2003
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5. If Amendment, Date of Original (Month/Day/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [ ] 10% Owner
[ ] Officer (give title below) [ X ] 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
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* If the form is filed by more than one reporting person,
see Instruction 4(b)(v).
** As of the date hereof, the Reporting Person has ceased to be the beneficial
owner of more than 10% of the issuer's outstanding common stock.
Page 1 of 6
Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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1. Title of 2. Transaction Date 2A. Deemed 3. Transaction Code
Security (Month/Day/Year) Execution (Instr. 8)
(Instr. 3) Date, if any
(Month/Day/Year)
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Code V
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(1)
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Table I (cont.) -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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1. Title of 4. Securities Acquired (A) 5. Amount of 6. Ownership Form: 7. Nature of Indirect
Security or Disposed of (D) Securities Direct (D) or Beneficial Ownership
(Instr. 3) (Instr. 3, 4 and 5) Beneficially Indirect (I) (Instr. 4)
Owned Follow- (Instr. 4)
ing Reported
Transaction(s)
(Instr. 3 and
4)
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(A)
or
Amount (D) Price
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(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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1. Title of 2. Conversion 3. Transaction 3A. Deemed 4. Transaction 5. Number of
Derivative or Exercise Date Execution Code Derivative
Security Price of (Month/Day/Year) Date, if any (Instr. 8) Securities
(Instr. 3) Derivative (Month/Day/Year) Acquired (A)
Security or Disposed
of (D)
(Instr. 3, 4
and 5)
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Code V (A) (D)
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(1) Series A
Convertible
Preferred
Stock 2/21/03 J(1) 813,639
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(2) Options
to Purchase
Common Stock 2/21/03 J(1) 233,000
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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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1. Title of 6. Date Exercisable and 7. Title and Amount 8. Price of 9. Number of 10. Ownership 11. Nature of
Derivative Expiration Date of Underlying Derivative Derivative Form of Indirect
Security (Month/Day/Year) Securities Security Securities Derivative Beneficial
(Instr. 3) (Instr. 3 and 4) (Instr. 5) Beneficially Securities: Ownership
Owned Fol- Direct (D) (Instr. 4)
lowing or Indirect
Reported (I)
Transaction(s) (Instr. 4)
(Instr. 4)
Amount or
Date Expiration Number of
Exercisable Date Title Shares
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(1) Series A
Convertible
Preferred
Stock (5) Common
Immediate Stock 813,639 $27.83(2) 0 (3) (4)
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(2) Options to
Purchase Common
Common Stock Immediate Stock 233,000 $27.83(2) 0 (3) (4)
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(3)
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(1) As part of the transaction among DB Capital Partners L.P. ("DBCP L.P."),
MidOcean Partners, LP (the "Buyer") and various other parties on February 21,
2003, the securities positions of DBCP L.P. were transferred to the Buyer.
(2) Price attributed to the Series A Convertible Preferred Stock and Options to
Purchase Common Stock reported in Table II above, which were transferred to the
Buyer as part of the transaction on February 21, 2003.
(3) This Form 4 is being filed jointly by Taunus Corporation ("Taunus") and DB
Capital Partners, Inc. ("DBCP Inc."). DBCP Inc. was the general partner of DBCP
L.P., which in turn is the general partner of DB Capital Investors, L.P. As of
February 21, 2003, as part of the transaction among DBCP L.P., the Buyer and
various other parties, DBCP Inc. is no longer the General Partner of DBCP L.P.
(4) DBCI is the direct owner of all of the Series A Convertible Preferred Stock
and Options to Purchase Common Stock reported in Table II above. Taunus may be
deemed to be the beneficial owner of the shares of Series A Convertible
Preferred Stock and Options to Purchase Common Stock beneficially owned by DBCI.
Taunus expressly disclaims beneficial ownership of, or pecuniary interest in,
the Series A Convertible Preferred Stock and Options to Purchase Common Stock
reported in Table II above.
Joint Filer Information
Name: DB Capital Partners, Inc.
IRS Identification Number: 13-2725387
Designated Filer: Taunus Corporation
Issuer and Trading Symbol: Strayer Education, Inc. (NASD: STRA)
Date of Event Requiring Statement: February 21, 2003
TAUNUS CORPORATION
/s/JAMES WILHELM February 26, 2003
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**Signature of Reporting Person Date
Name: James Wilhelm
Title: Assistant Secretary
/s/SONJA K. OLSEN February 26, 2003
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**Signature of Reporting Person Date
Name: Sonja K. Olsen
Title: Assistant Secretary
DB CAPITAL PARTNERS, INC.
/s/ HEIDE SILVERSTEIN February 26, 2003
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**Signature of Reporting Person Date
Name: Heide Silverstein
Title: Vice President
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually
signed. If space is insufficient, see Instruction 6 for procedure.