SEC Form 4 · accession 0001466815-17-000030
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
May 9, 2017
Accepted (ET)
May 11, 2017 · 4:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001466815
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.001 par value per shareF1 | May 9, 2017 | M | 14,617 | $2.52 | A | 14,617 | D | |
| Common Stock, $0.001 par value per shareF2 | May 9, 2017 | S | 14,617 | $5.176 | D | 0 | D |
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,F3 | — | May 9, 2017 | M | 14,617 | D | — | Mar 13, 2024 | Common Stock, par value $0.001 per share | 14,617 | 52,783 | D |
Explanation of responses
- F1The weighted average exercise price of these shares was $2.52. The prices of the transactions ranged from $2.14 to $2.96, inclusive. Upon request of the staff of the Securities and Exchange Commission, Cambium Learning Group, Inc. or a security holder of the Company, the reporting person will provide full information regarding the number of options exercised at each separate price.
- F2The sale price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $5.15 to $5.31, inclusive. Upon request of the staff of the Securities and Exchange Commission, Cambium Learning Group, Inc. or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold at each separate price.
- F3These stock options have vested and are exercisable.