SEC Form 4 · accession 0001364954-18-000174
CHEGG, INC · CHGG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel Rosensweig
Officer — PRESIDENT, CEO & CHAIRMAN · Director
Period of report
Aug 13, 2018
Accepted (ET)
Aug 14, 2018 · 7:01 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 StockF2 | Aug 13, 2018 | M | 100,000 | $7.875 | A | 2,435,450 | D | |
| Common StockF3 | Aug 13, 2018 | S | 100,000 | $29.25 | D | 2,335,450 | D | |
| Common Stock | Aug 13, 2018 | M | 25,000 | $7.875 | A | 2,360,450 | D | |
| Common StockF4 | Aug 13, 2018 | S | 25,000 | $29.34 | D | 2,335,450 | D | |
| Common Stock | Aug 13, 2018 | M | 25,000 | $7.875 | A | 2,360,450 | D | |
| Common StockF5 | Aug 13, 2018 | S | 25,000 | $29.34 | D | 2,335,450 | D | |
| Common StockF6 | holding | — | — | — | 69,346 | I | See footnote | |
| Common Stock | holding | — | — | — | 7,166 | I | By The Rachel Rosensweig 2007 Irrevocable Trust U/A/D 3-12-07 | |
| Common Stock | holding | — | — | — | 7,166 | I | By The Samantha Rosensweig 2007 Irrevocable Trust U/A?D 03-12-07 |
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)F7 | $7.875 | Aug 13, 2018 | M | 100,000 | D | — | Feb 3, 2020 | Common Stock | 100,000 | 300,000 | D |
| Employee Stock Option (right to buy)F7 | $7.875 | Aug 13, 2018 | M | 25,000 | D | — | Feb 3, 2020 | Common Stock | 25,000 | 275,000 | D |
| Employee Stock Option (right to buy)F7 | $7.875 | Aug 13, 2018 | M | 25,000 | D | — | Feb 3, 2020 | Common Stock | 25,000 | 250,000 | 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 March 14, 2018.
- F2Includes 1,697 shares acquired under the Issuer's 2013 Employee Stock Purchase Plan on May 15, 2018.
- F3This transaction was executed in multiple trades at prices ranging from $29.01 to $29.52; 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.
- F4This transaction was executed in multiple trades at prices ranging from $29.02 to $29.55; 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.
- F5This transaction was executed in multiple trades at prices ranging from $29.04 to $29.55; 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.
- F6Held by Daniel L and Linda Rosensweig, Co-Trustees of the Rosensweig Family Revocable Trust U/A/D 03-12-07. The Reporting Person is a Co-Trustee.
- F7The stock option grant is fully vested.