David Nenke - Sep 23, 2021 Form 4 Insider Report for Barnes & Noble Education, Inc. (BNED)

Role
Pres, DSS
Signature
/s/ Michael C. Miller, as attorney-in-fact for David Nenke
Stock symbol
BNED
Transactions as of
Sep 23, 2021
Transactions value $
$0
Form type
4
Date filed
9/27/2021, 05:15 PM
Next filing
Mar 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BNED Common Stock Award $0 +46.3K $0.00 46.3K Sep 23, 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 Non-Qualified Stock Option (Right to Buy) Award $0 +39.6K $0.00 39.6K Sep 23, 2021 Common Stock 39.6K $10.80 Direct F2
transaction BNED Non-Qualified Stock Option (Right to Buy) Award $0 +42.8K $0.00 42.8K Sep 23, 2021 Common Stock 42.8K $13.30 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of restricted stock units (RSUs). Each RSU represents the contingent right to receive one share of common stock, par value $0.01, of the Company. The RSUs vest and will be settled in three equal installments on each of September 23, 2022, September 23, 2023 and September 23, 2024, or in each case, if such date is not a business day, the business day immediately following such date.
F2 Non-qualified Stock Options granted with an exercise price of $10.80 per share, which was the fair market value on the date of grant. These Options will vest in four equal installments on each of September 23, 2022, September 23, 2023, September 23, 2024 and September 23, 2025 and will expire on September 23, 2031
F3 Non-qualified Stock Options granted with an above market exercise price of $13.30 per share. These Options will vest in four equal installments on each of September 23, 2022, September 23, 2023, September 23, 2024 and September 22, 2025 and will expire on September 23, 2031.