SEC Form 4 · accession 0001364954-18-000086
CHEGG, INC · CHGG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew J Brown
Officer — CHIEF FINANCIAL OFFICER
Period of report
Mar 15, 2018
Accepted (ET)
Mar 16, 2018 · 8:52 pm EDT
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 | Mar 15, 2018 | F | 39,843 | $21.74 | D | 609,097 | D | |
| Common Stock | Mar 14, 2018 | G | 10,000 | $0.00 | D | 599,097 | D | |
| Common StockF2 | holding | — | — | — | 17,117 | I | By Andy and Pam Brown Family Trust | |
| Common Stock | holding | — | — | — | 5,000 | I | By Child |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Exempt 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 automatically withheld by the Issuer, in accordance with the agreement governing the PSUs granted to the Reporting Person in 2016 (the "2016 PSUs"), to satisfy federal and state tax withholding obligations of the Reporting Person resulting from the vesting and settlement of the 2016 PSUs. The Reporting Person did not sell any of the shares reported on this Form 4 item; such shares were cancelled by the Issuer in accordance with the foregoing. The remaining shares subject to the 2016 PSUs shall vest on March 15, 2019, subject to the Reporting Person's continued service up to and through the applicable vesting dates.
- F2The Reporting Person is a Co-Trustee.