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

Role
Pres, DSS
Signature
/s/ David Nenke
Stock symbol
BNED
Transactions as of
Mar 24, 2022
Transactions value $
-$70,424
Form type
4
Date filed
3/25/2022, 04:44 PM
Previous filing
Sep 27, 2021
Next filing
Jun 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BNED Common Stock Options Exercise $0 +17.5K +37.75% $0.00 63.8K Mar 24, 2022 Direct F1
transaction BNED Common Stock Disposed to Issuer -$70.4K -17.5K -27.4% $4.03 46.3K Mar 24, 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 -17.5K -33.33% $0.00 35K Mar 24, 2022 Common Stock 17.5K 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.