SEC Form 4 · accession 0001634117-17-000096
Barnes & Noble Education, Inc. · BNED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick Maloney
Officer — Exec. VP and COO
Period of report
Jul 13, 2017
Accepted (ET)
Jul 17, 2017 · 4:51 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001634117
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 13, 2017 | A | 94,102 | $0.00 | A | 387,156 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Grant of Performance Units, which are earned based on a combination of the Company's performance as measured by EBITDA (75% of the Performance Units) and Barnes & Noble College New Business (25% of the Performance Units). The performance period is the two year period beginning April 30, 2017 and ending on April 27, 2019. Unearned Performance Units will be forfeited. Once earned, the Performance Units will be converted to shares of Company Common Stock on a one-for-one basis, and such shares will be subject to an additional one year holding period before they fully vest.