SEC Form 4 · accession 0001364954-18-000213
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
Dec 12, 2018
Accepted (ET)
Dec 14, 2018 · 7:28 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 | Dec 12, 2018 | M | 65,082 | $7.875 | A | 2,400,532 | D | |
| Common StockF2 | Dec 12, 2018 | S | 65,082 | $29.68 | D | 2,335,450 | D | |
| Common StockF3 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified Stock Option (right to buy)F5,F4 | $7.875 | Dec 12, 2018 | M | 65,082 | D | — | Feb 3, 2020 | Common Stock | 65,082 | 0 | I |
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.
- F2This transaction was executed in multiple trades at prices ranging from $29.04 to $29.925; 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.
- F3Held 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.
- F4The stock option grant is fully vested.
- F5Held by Daniel Lee Rosensweig and Linda Rosensweig, Co-Trustees of The Rosensweig 2012 Irrevocable Children's Trust u/a/d 11/6/2012. The Reporting Person is a Co-Trustee.