SEC Form 4 · accession 0000950138-15-000574
BARNES & NOBLE INC · BKS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Huseby
Officer — Chief Executive Officer · Director
Period of report
Aug 9, 2015
Accepted (ET)
Aug 11, 2015 · 4:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000890491
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 9, 2015 | D | 300,000 | $26.74 | D | 209,875 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were received by the Reporting Person upon acceleration of certain of his unvested restricted stock units, in accordance with the Amended and Restated Employment Agreement, dated January 7, 2014, between the Issuer and the Reporting Person, upon the Reporting Person's termination of employment with the Issuer and becoming Executive Chairman of Barnes & Noble Education, Inc. ("BNED"). In connection therewith, the shares were sold to the Issuer at the per share closing price on July 27, 2015, the record date for the distribution by the Issuer to its stockholders of all of its shares of common stock of BNED. The sale became effective on August 9, 2015.