Seema Paul - 22 Sep 2023 Form 4 Insider Report for Barnes & Noble Education, Inc. (BNED)

Role
SVP, Chief Accounting Officer
Signature
/s/ Seema Paul
Issuer symbol
BNED
Transactions as of
22 Sep 2023
Net transactions value
-$22,029
Form type
4
Filing time
26 Sep 2023, 16:42:25 UTC
Previous filing
21 Jun 2023
Next filing
18 Jun 2024
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 +16,938 +14% $0.000000 137,597 22 Sep 2023 Direct F1
transaction BNED Common Stock Disposed to Issuer $18,801 -16,938 -12% $1.11 120,659 22 Sep 2023 Direct F1
transaction BNED Common Stock Tax liability $3,228 -2,908 -2.4% $1.11 117,751 23 Sep 2023 Direct F2

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 -16,938 -100% $0.000000* 0 22 Sep 2023 Common Stock 16,938 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 $1.11 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.
F2 Shares withheld by the Issuer on vesting of restricted stock units (payable solely in common stock of the Issuer on each vesting date) to cover applicable withholding taxes.