David W. B. Nenke - 23 Sep 2021 Form 3 Insider Report for Barnes & Noble Education, Inc. (BNED)

Role: Pres, DSS
Signature: /s/ Michael C. Miller, as attorney-in-fact for David Nenke
Issuer symbol: BNED
Transactions as of: 23 Sep 2021
Net transactions value: $0
Form type: 3
Filing time: 27 Sep 2021, 17:13:50 UTC
Next filing: 25 Mar 2022
SEC: View on sec.gov

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
holding	BNED	Phantom Share Unit							23 Sep 2021	Common Stock	52,425		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each phantom share represents the economic equivalent to one share of common stock of the Company and will be settled in cash based on the fair market value of a share of common stock at each vesting date in an amount not to exceed $22.89 per share. The phantom shares vest and will be settled in three equal installments on each of March 24, 2022, March 24, 2023 and March 24, 2024, or in each case, if such date is not a business day, the business day immediately following such date.

Content

Each phantom share represents the economic equivalent to one share of common stock of the Company and will be settled in cash based on the fair market value of a share of common stock at each vesting date in an amount not to exceed $22.89 per share. The phantom shares vest and will be settled in three equal installments on each of March 24, 2022, March 24, 2023 and March 24, 2024, or in each case, if such date is not a business day, the business day immediately following such date.