SEC Form 4 · accession 0001364954-18-000123
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
May 8, 2018
Accepted (ET)
May 10, 2018 · 9:23 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 | May 8, 2018 | M | 103,800 | $7.875 | A | 702,897 | D | |
| Common Stock | May 8, 2018 | S | 103,800 | $25.01 | D | 599,097 | D | |
| Common Stock | May 9, 2018 | M | 20,599 | $7.875 | A | 619,696 | D | |
| Common StockF2 | May 9, 2018 | S | 20,599 | $25.006 | D | 599,097 | D | |
| Common Stock | May 10, 2018 | M | 35,601 | $7.875 | A | 634,698 | D | |
| Common Stock | May 10, 2018 | S | 35,601 | $25.064 | D | 599,097 | D | |
| Common Stock | May 10, 2018 | M | 30,834 | $6.915 | A | 629,931 | D | |
| Common Stock | May 10, 2018 | M | 9,166 | $6.915 | A | 639,097 | D | |
| Common Stock | May 10, 2018 | S | 40,000 | $25.26 | D | 599,097 | D | |
| Common StockF3 | holding | — | — | — | 17,117 | I | By Andy and Pam Brown Family Trust | |
| Common Stock | holding | — | — | — | 5,000 | I | By Child |
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)F4 | $7.875 | May 8, 2018 | M | 103,800 | D | — | Nov 1, 2021 | Common Stock | 103,800 | 227,549 | D |
| Employee Stock Option (right to buy)F4 | $7.875 | May 9, 2018 | M | 20,599 | D | — | Nov 1, 2021 | Common Stock | 20,599 | 206,950 | D |
| Employee Stock Option (right to buy)F4 | $7.875 | May 10, 2018 | M | 35,601 | D | — | Nov 1, 2021 | Common Stock | 35,601 | 171,349 | D |
| Employee Stock Option (right to buy)F4 | $6.915 | May 10, 2018 | M | 30,834 | D | — | Nov 6, 2022 | Common Stock | 30,834 | 0 | D |
| Employee Stock Option (right to buy)F4 | $6.915 | May 10, 2018 | M | 9,166 | D | — | Nov 6, 2022 | Common Stock | 9,166 | 0 | D |
Explanation of responses
- F1The exercise of options and sale of the resultant shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 3, 2017.
- F2This transaction was executed in multiple trades at prices ranging from $25.00 to $25.06; the price reported above reflects the weighted average sale price. The reporting person will provide to the Commission, the issuer and any stockholder, upon request, full information regarding the number of shares and prices at which the transactions were effected.
- F3The Reporting Person is a Co-Trustee.
- F4The stock option grant is fully vested.