SEC Form 4 · accession 0001466815-17-000056
CAMBIUM LEARNING GROUP, INC. · ABCD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John F Campbell
Officer — CEO · Director
Period of report
Nov 2, 2017
Accepted (ET)
Nov 6, 2017 · 5:48 pm EST
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, par value $0.001 per share | holding | — | — | — | 2,704 | 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 | — | Nov 2, 2017 | A | 100,000 | A | — | Nov 2, 2027 | Common Stock, par value $0.001 per share | 100,000 | 600,000 | D |
Explanation of responses
- F1On November 2, 2017, the reporting person was granted options ("Options") to purchase a total of 100,000 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 "Plan"). The per-share exercise price of the Options is $6.31. The Options shall vest and become exercisable as follows, provided that the reporting person remains employed by the Company through each applicable vesting date: (a) seventy-five percent (75%) of the shares shall vest and become exercisable upon the occurrence of a Change in Control (as defined in the Plan); and (b) the remaining twenty-five percent (25%) of the shares shall vest and become exercisable upon the one-year anniversary of the occurrence of a Change in Control.