SEC Form 4 · accession 0001209191-15-018441
CHEGG, INC · CHGG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nathan J. Schultz
Officer — CHIEF LEARNING OFFICER
Period of report
Feb 24, 2015
Accepted (ET)
Feb 25, 2015 · 4:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001364954
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 24, 2015 | M | 31,776 | $1.875 | A | 276,318 | D | |
| Common StockF2 | Feb 24, 2015 | S | 31,919 | $8.4996 | D | 244,399 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3 | $1.875 | Feb 24, 2015 | M | 31,776 | D | — | Jul 21, 2019 | Common Stock | 31,776 | 31,776 | D |
Explanation of responses
- F1The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2014.
- F2Represents the weighted average sale price per share. The shares were sold at prices ranging from $8.40 to $8.50 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- F3The stock option grant is 100% vested and immediately exercisable.