Statement of Changes in Beneficial Ownership (4)
December 22 2020 - 04:48PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
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APPROVAL
OMB Number: 3235-0287
Estimated average burden
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Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
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1. Name
and Address of Reporting Person *
Schultz Nathan J. |
2. Issuer Name and Ticker or Trading
Symbol CHEGG, INC [ CHGG ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
PRESIDENT OF LEARNING SERVICES |
(Last)
(First)
(Middle)
C/O CHEGG, INC, 3990 FREEDOM CIR |
3. Date of Earliest Transaction (MM/DD/YYYY)
12/21/2020
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(Street)
SANTA CLARA, CA 95054
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
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1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Common Stock |
12/21/2020 |
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M(1) |
|
82458 |
A |
$12.50 |
308748 |
D |
|
Common Stock |
12/21/2020 |
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S(1) |
|
82458 |
D |
$90.20 (2) |
226290 |
D |
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Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
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1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying
Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially
Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct
(D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Employee Stock Option (right to
buy) |
$12.5 |
12/21/2020 |
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M (1) |
|
|
82458 |
(3) |
11/11/2023 |
Common Stock |
82458.0 |
$0 |
0 |
D |
|
Explanation of
Responses: |
(1) |
The exercise of options and
sale of the resultant shares reported in this Form 4 were effected
pursuant to a Rule 10b5-1 trading plan adopted by the reporting
person on December 12, 2019. |
(2) |
This transaction was
executed in multiple trades at prices ranging from $90.00 to
$90.89; the price reported above reflects the weighted average sale
price. The reporting person will provide to the Commission, the
issuer and any stockholder, upon request, full information
regarding the number of shares and prices at which the transactions
were effected. |
(3) |
The stock option grant is
fully vested. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Schultz Nathan J.
C/O CHEGG, INC
3990 FREEDOM CIR
SANTA CLARA, CA 95054 |
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PRESIDENT OF LEARNING SERVICES |
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Signatures
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/s/ Nathan J. Schultz by Woodie Dixon,
Attorney-in-Fact |
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12/22/2020 |
**Signature of
Reporting Person |
Date |