David W. B. Nenke - 24 Mar 2022 Form 4 Insider Report for Barnes & Noble Education, Inc. (BNED)

Role: Pres, DSS
Signature: /s/ David Nenke
Issuer symbol: BNED
Transactions as of: 24 Mar 2022
Net transactions value: -$70,424
Form type: 4
Filing time: 25 Mar 2022, 16:44:58 UTC
Previous filing: 27 Sep 2021
Next filing: 21 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BNED	Common Stock	Options Exercise	$0	+17,475	+38%	$0.000000	63,772	24 Mar 2022	Direct	F1
transaction	BNED	Common Stock	Disposed to Issuer	$70,424	-17,475	-27%	$4.03	46,297	24 Mar 2022	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	-17,475	-33%	$0.000000	34,950	24 Mar 2022	Common Stock	17,475		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 $4.03 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 $22.89 per share.