Jonathan Shar - Sep 22, 2021 Form 4 Insider Report for Barnes & Noble Education, Inc. (BNED)

Role
EVP, Retail
Signature
/s/ Jonathan Shar
Stock symbol
BNED
Transactions as of
Sep 22, 2021
Transactions value $
-$584,998
Form type
4
Date filed
9/24/2021, 04:41 PM
Previous filing
Jul 19, 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 +79.3K +115.02% $0.00 148K Sep 22, 2021 Direct F1
transaction BNED Common Stock Disposed to Issuer -$585K -79.3K -53.49% $7.38 68.9K 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 -79.3K -33.33% $0.00 159K Sep 22, 2021 Common Stock 79.3K 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.