SEC Form 4 · accession 0001364954-19-000031
CHEGG, INC · CHGG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Renee Varni Budig
Director
Period of report
Feb 25, 2019
Accepted (ET)
Feb 25, 2019 · 7:08 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 25, 2019 | M | 40,000 | $6.75 | A | 58,194 | D | |
| Common StockF1 | Feb 25, 2019 | S | 40,000 | $39.47 | D | 18,194 | D | |
| Common Stock | Feb 25, 2019 | M | 5,000 | $6.75 | A | 23,194 | D | |
| Common StockF2 | Feb 25, 2019 | S | 5,000 | $39.44 | D | 18,194 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Director Stock Option (right to buy)F3 | $6.75 | Feb 25, 2019 | M | 40,000 | D | — | Nov 13, 2025 | Common Stock | 40,000 | 48,445 | D |
| Director Stock Option (right to buy)F3 | $6.75 | Feb 25, 2019 | M | 5,000 | D | — | Nov 13, 2025 | Common Stock | 5,000 | 43,445 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $39.40 to $39.50; 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.
- F2This transaction was executed in multiple trades at prices ranging from $39.42 to $39.45; 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 stock option grant is fully vested.