Form 4 for BNED Barnes & Noble Education, Inc.
Accepted 2023-09-26 00:00:00 ET · period of report 2023-09-22 · accession 0001634117-23-000061 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-09-26 | 2023-09-23 | BNED | HUSEBY MICHAEL | CEO, Dir | F - Tax | $1.11 | -26.0K | 950.4K | -3% | -$28.9K |
| D | 2023-09-26 | 2023-09-22 | BNED | HUSEBY MICHAEL | CEO, Dir | D - Sale to Iss | $1.11 | -223.6K | 976.4K | -19% | -$248.2K |
| D | 2023-09-26 | 2023-09-22 | BNED | HUSEBY MICHAEL | CEO, Dir | M - OptEx | $0.00 | +223.6K | 1.20M | +23% | $0 |
| D | 2023-09-26 | 2023-09-22 | BNED | HUSEBY MICHAEL | CEO, Dir | M - OptEx | $0.00 | -223.6K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-09-23 | F | D | 25,998 | $1.11 | 950,412 | D | — | — | (F2) Shares withheld by the Issuer on vesting of restricted stock units (payable solely in common stock of the Issuer on each vesting date) to cover applicable withholding taxes. |
| 2 | Common | Common Stock | 2023-09-22 | D | D | 223,578 | $1.11 | 976,410 | D | — | — | (F1) Each share of phantom stock is the economic equivalent of one share of common stock of the Company and was settled in cash at a value of $1.11 per share. The terms of the phantom stock provide that the shares will be settled based on the fair market value of a share of common stock at each vesting date in an amount not to exceed $7.38 per share. |
| 3 | Common | Common Stock | 2023-09-22 | M | A | 223,578 | $0.00 | 1,199,988 | D | — | — | (F1) Each share of phantom stock is the economic equivalent of one share of common stock of the Company and was settled in cash at a value of $1.11 per share. The terms of the phantom stock provide that the shares will be settled based on the fair market value of a share of common stock at each vesting date in an amount not to exceed $7.38 per share. |
| 4 | Derivative | Phantom Share Unit | 2023-09-22 | M | D | 223,578 | $0.00 | 0 | D | — · 2021-09-22 to 2023-09-22 | 223,578 Common Stock | (F1) Each share of phantom stock is the economic equivalent of one share of common stock of the Company and was settled in cash at a value of $1.11 per share. The terms of the phantom stock provide that the shares will be settled based on the fair market value of a share of common stock at each vesting date in an amount not to exceed $7.38 per share. |