SEC Form 4 · accession 0001364954-16-000268
CHEGG, INC · CHGG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robin Tomasello
Officer — VP, CORPORATE CONTROLLER
Period of report
Feb 23, 2016
Accepted (ET)
Feb 25, 2016 · 8:04 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 StockF1 | Feb 23, 2016 | A | 12,897 | $0.00 | A | 58,931 | D | |
| Common Stock | Feb 23, 2016 | F | 1,884 | $3.47 | D | 57,047 | D | |
| Common StockF3 | Feb 23, 2016 | A | 54,166 | $0.00 | A | 111,213 | D | |
| Common Stock | Feb 24, 2016 | F | 2,171 | $4.12 | D | 109,042 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the number of shares subject to PSUs awarded to the reporting person in 2015; one-third of the shares vested on February 23, 2016 with the remaining to vest in equal annual installments over the next 2 years.
- F2Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
- F3Represents an award of restricted stock units ("RSU", and each a "RSU"). Each RSU represents a contingent right to receive one share of common stock of the Issuer upon vesting.