Michael C. Miller - Sep 22, 2021 Form 4 Insider Report for Barnes & Noble Education, Inc. (BNED)

Signature
/s/ Michael C. Miller
Stock symbol
BNED
Transactions as of
Sep 22, 2021
Transactions value $
-$449,996
Form type
4
Date filed
9/24/2021, 04:41 PM
Previous filing
Jul 13, 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 +61K +51.93% $0.00 178K Sep 22, 2021 Direct F1
transaction BNED Common Stock Disposed to Issuer -$450K -61K -34.18% $7.38 117K 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 -61K -33.33% $0.00 122K Sep 22, 2021 Common Stock 61K 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.