SEC Form 4 · accession 0001364954-19-000013
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
Jan 31, 2019
Accepted (ET)
Feb 4, 2019 · 7:41 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 StockF2,F3 | Jan 31, 2019 | M | 78,295 | $7.875 | A | 207,584 | I | By Andy and Pam Brown Family Trust |
| Common StockF3 | Jan 31, 2019 | M | 2,975 | $7.875 | A | 210,559 | I | By Andy and Pam Brown Family Trust |
| Common StockF4,F3 | Jan 31, 2019 | S | 81,270 | $35.18 | D | 129,289 | I | By Andy and Pam Brown Family Trust |
| Common StockF2 | holding | — | — | — | 296,655 | D |
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)F5 | $7.875 | Jan 31, 2019 | M | 78,295 | D | — | Nov 1, 2021 | Common Stock | 78,295 | 0 | D |
| Employee Stock Option (right to buy)F5 | $7.875 | Jan 31, 2019 | M | 2,975 | D | — | Nov 1, 2021 | Common Stock | 2,975 | 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 August 2, 2018.
- F2In the previous Form 4 filed with the SEC, the Reporting Person reported 584,097 shares held directly and 17,117 shares held indirectly by the Andy and Pam Brown Family Trust. The nature of beneficial ownership is corrected on this Form 4.
- F3The Reporting Person is a Co-Trustee.
- F4This transaction was executed in multiple trades at prices ranging from $35.00 to $35.57; 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.
- F5The stock option grant is fully vested.