David G. Henderson - Sep 22, 2021 Form 4 Insider Report for Barnes & Noble Education, Inc. (BNED)

Role
Pres, MBS; EVP, Strat Services
Signature
/s/ David G. Henderson
Stock symbol
BNED
Transactions as of
Sep 22, 2021
Transactions value $
-$292,499
Form type
4
Date filed
9/24/2021, 04:40 PM
Previous filing
Sep 10, 2021
Next filing
Sep 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BNED Common Stock Options Exercise $0 +39.6K +25.87% $0.00 193K Sep 22, 2021 Direct F1
transaction BNED Common Stock Disposed to Issuer -$292K -39.6K -20.55% $7.38 153K Sep 22, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BNED Phantom Share Unit Options Exercise $0 -39.6K -33.33% $0.00 79.3K Sep 22, 2021 Common Stock 39.6K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 $7.38 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.