4//SEC Filing
ALMOND BRADLEY 4
Accession 0001209191-09-056098
CIK 0001466815other
Filed
Dec 8, 7:00 PM ET
Accepted
Dec 9, 11:52 AM ET
Size
10.6 KB
Accession
0001209191-09-056098
Insider Transaction Report
Form 4
ALMOND BRADLEY
Chief Financial Officer
Transactions
- Award
Stock Options (right to buy)
2009-12-08+62,500→ 62,500 totalExercise: $6.50Exp: 2019-12-08→ Common Stock, par value $0.001 per share (62,500 underlying) - Award
Stock Options (right to buy)
2009-12-08+187,500→ 187,500 totalExercise: $4.50Exp: 2019-12-08→ Common Stock, par value $0.001 per share (187,500 underlying)
Footnotes (4)
- [F1]On December 8, 2009 (the "Grant Date"), Bradley C. Almond (the "Reporting Person") was granted an option (the "Floating Price Option") to purchase 187,500 shares of common stock, par value $0.001 per share ("Company Common Stock"), of Cambium Learning Group, Inc. (the "Company") in consideration of his services as an executive officer of the Company. The Floating Price Option was granted to the Reporting Person pursuant and subject to the Company's 2009 Equity Compensation Plan (the "2009 Plan"). The per-share exercise price of the Floating Price Option is equal to the greater of (a) $4.50 per share and (b) the Weighted Average Stock Price (as hereinafter defined).
- [F2]As used in Note 1 above, the "Weighted Average Stock Price" means the ten (10) day volume weighted average price ("VWAP") of, as applicable, the Company Common Stock or the common stock, par value $0.001 per share, of Voyager Learning Company ("Voyager Common Stock") for the ten (10) trading days ending on the fifth (5th) trading day following the Grant Date. Specifically, the Weighted Average Stock Price shall consist of (x) for the five (5) trading days ending on the Grant Date, the VWAP of the Voyager Common Stock, as reported by the Pink Sheets Electronic Quotation Service, and (y) for the five (5) trading days immediately following the Grant Date and ending on the fifth (5th) trading day following the Grant Date, the VWAP of the Company Common Stock, as reported by the NASDAQ Global Market.
- [F3]The Floating Price Option vests in equal increments of twenty-five percent (25%) per year beginning on the one-year anniversary of the Grant Date, such that the Floating Price Option will vest as to 46,875 shares on each of the first, second, third and fourth anniversaries of the Grant Date.
- [F4]On the Grant Date, the Reporting Person was also granted an option (the "Fixed Price Option") to purchase 62,500 shares of Company Common Stock in consideration of his services as an executive officer of the Company. The Fixed Price Option was granted to the Reporting Person pursuant and subject to the 2009 Plan. The Fixed Price Option vests in equal increments of twenty-five percent (25%) per year beginning on the one-year anniversary of the Grant Date, such that the Fixed Price Option will vest as to 15,625 shares on each of the first, second, third and fourth anniversaries of the Grant Date.
Documents
Issuer
CAMBIUM LEARNING GROUP, INC.
CIK 0001466815
Entity typeother
Related Parties
1- filerCIK 0001271313
Filing Metadata
- Form type
- 4
- Filed
- Dec 8, 7:00 PM ET
- Accepted
- Dec 9, 11:52 AM ET
- Size
- 10.6 KB