SEC Form 4 · accession 0001466815-17-000065
CAMBIUM LEARNING GROUP, INC. · ABCD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Fonte
Officer — Chief Technology Officer
Period of report
Dec 4, 2017
Accepted (ET)
Dec 6, 2017 · 5:29 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 | Dec 4, 2017 | M | 5,000 | $1.30 | A | 5,000 | D | |
| Common Stock, par value $0.001 per shareF2 | Dec 4, 2017 | S | 5,000 | $5.7182 | 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)F3 | $1.30 | Dec 4, 2017 | M | 5,000 | D | — | Jan 27, 2020 | Common Stock, par value $0.001 per share | 5,000 | 113,400 | D |
Explanation of responses
- F1These shares were sold pursuant to a Rule 10b5-1 trading plan.
- F2The sale price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $5.70 to $5.76, inclusive. Upon request of the staff of the Securities and Exchange Commission, Cambium Learning Group, Inc. ("the Company") 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 currently exercisable.