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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
RILEY RICHARD W
   2. Issuer Name and Ticker or Trading Symbol
LAUREATE EDUCATION, INC. [LAUR] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
1001 FLEET STREET		 3. Date of Earliest Transaction (Month/Day/Year)
04/13/2001
(Street)

BALTIMORE, MD 21202		 4. If Amendment, Date Original Filed(Month/Day/Year)
03/10/2004		 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               6,000 (7) D  

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
Options (right to buy) $ 19 04/13/2001   A   10,000 (2)     (8)   (8) Common Stock 10,000 $ 0 10,000 D  
Options (right to buy) $ 24.77 06/06/2002   A   5,000 (4)     (3) 06/06/2012 Common Stock 5,000 $ 0 15,000 D  
Options (right to buy) $ 23.13 06/17/2003   A   5,000 (5)     (9)   (9) Common Stock 5,000 $ 0 20,000 D  
Options (right to buy) $ 29.63               (3) 01/03/2014 Common Stock 6,500   26,500 D  
Options (right to buy) $ 44.18 01/03/2005   A   6,500 (6)     (3) 01/03/2015 Common Stock 6,500 $ 0 23,000 (10) D  
Options (right to buy) $ 50.61 01/03/2006   A   6,500 (6)     (1) 01/03/2013 Common Stock 6,500 $ 0 31,000 D  
Total Options (right to buy) (12)               (12)   (12) Common Stock (12)   24,500 (11) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
RILEY RICHARD W
1001 FLEET STREET
BALTIMORE, MD 21202		   X      

Signatures

 Richard W. Riley   10/05/2006
**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) Currently 4,875 options are vested. The remaining options vest monthly and will be fully vested on 1/3/2007.
(2) Acquisition of these options was never reported as a transaction. Rather, ownership of these options was reported as a holding on Mr. Riley's Form 3, filed on 6/20/2003 and again on Mr. Riley's Form 4, filed on 3/10/2004. The exercise of all 10,000 options and the disposition of 4,000 of the shares acquired upon exercise was reported as a transaction on Mr. Riley's Form 4, filed on 12/29/2004.
(3) All options are currently vested and exercisable.
(4) Acquisition of these options was never reported as a transaction. Rather, ownership of these options was reported as a holding on Mr. Riley's Form 3, filed on 6/20/2003 and again on Mr. Riley's Form 4, filed on 3/10/2004.
(5) Acquisition of these options was never reported as a transaction. Rather, ownership of these options was reported as a holding on Mr. Riley's Form 3, filed on 6/20/2003 and again on Mr. Riley's Form 4, filed on 3/10/2004. The exercise of all of these options and the disposition of the shares acquired upon exercise was reported as a transaction on Mr. Riley's Form 4, filed on 3/20/2006.
(6) Acquisition of these options was never reported as a transaction. Rather, ownership of these options was reported as a holding on Mr. Riley's Form 4, filed on 3/20/2006.
(7) Represents the shares remaining after exercise of the 10,000 options acquired 4/13/2001, 4,000 of which were sold on 12/28/2004.
(8) Options were exercised on 12/28/2004, as reported on Mr. Riley's Form 4 filed on 12/29/04.
(9) Options were exercised on 3/17/2006, as reported on Mr. Riley's Form 4 filed on 3/20/2006.
(10) This represents the total number of options held after exercise and sale by Mr. Riley of 10,000 option shares reported on Mr. Riley's Form 4, filed on 12/29/04.
(11) Total options held after exercise and sale by Mr. Riley of 5,000 option shares reported on Mr. Riley's Form 4, filed on 3/20/2006.
(12) N/A

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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.