Michael Huseby - Sep 22, 2022 Form 4 Insider Report for Barnes & Noble Education, Inc. (BNED)

Role
CEO, Director
Signature
/s/ Michael P. Huseby
Stock symbol
BNED
Transactions as of
Sep 22, 2022
Transactions value $
-$509,756
Form type
4
Date filed
9/26/2022, 04:46 PM
Previous filing
Jun 22, 2022
Next filing
Sep 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BNED Common Stock Options Exercise $0 +224K +22.12% $0.00 1.23M Sep 22, 2022 Direct F1
transaction BNED Common Stock Disposed to Issuer -$510K -224K -18.11% $2.28 1.01M Sep 22, 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 -224K -50% $0.00 224K Sep 22, 2022 Common Stock 224K 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 $2.28 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.