SEC Form 4 · accession 0001209191-16-107881
CAMBIUM LEARNING GROUP, INC. · ABCD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffery Scott McWhorter
Officer — General Counsel
Period of report
Mar 9, 2016
Accepted (ET)
Mar 11, 2016 · 4:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001466815
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F1 | — | Mar 9, 2016 | A | 20,000 | A | — | Mar 8, 2026 | Common Stock, par value $0.001 per share | 20,000 | 47,400 | D |
Explanation of responses
- F1On March 9, 2016, the reporting person was granted options ("Options") to purchase a total of 20,000 shares of common stock, par value $0.001, of Cambium Learning Group, Inc. (the "Company"), in consideration of his services as an officer of the Company. The Options were granted to the reporting person pursuant and subject to the Cambium Learning Group, Inc. 2009 Equity Incentive Plan. The per-share exercise price of the Options is $4.50 and the Options vest in equal monthly installments on the last day of the month over a four year period, with an initial vesting date of March 31, 2016.