SEC Form 4 · accession 0001364954-19-000022
CHEGG, INC · CHGG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nathan J. Schultz
Officer — PRESIDENT OF LEARNING SERVICES
Period of report
Feb 12, 2019
Accepted (ET)
Feb 14, 2019 · 7:22 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 | Feb 12, 2019 | M | 34,481 | $7.875 | A | 537,785 | D | |
| Common StockF2 | Feb 12, 2019 | S | 34,481 | $36.73 | D | 503,304 | D | |
| Common Stock | Feb 12, 2019 | M | 8,532 | $7.875 | A | 511,836 | D | |
| Common StockF3 | Feb 12, 2019 | S | 8,532 | $38.32 | D | 503,304 | 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)F4 | $7.875 | Feb 12, 2019 | M | 34,481 | D | — | May 15, 2022 | Common Stock | 34,481 | 0 | D |
| Employee Stock Option (right to buy)F4 | $7.875 | Feb 12, 2019 | M | 8,532 | D | — | May 15, 2022 | Common Stock | 8,532 | 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 February 19, 2018.
- F2This transaction was executed in multiple trades at prices ranging from $36.20 to $38.30; 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.
- F3This transaction was executed in multiple trades at prices ranging from $38.30 to $38.51; 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.
- F4The stock option grant is fully vested.