Weiner Neil 4
4 · CAMBIUM LEARNING GROUP, INC. · Filed Mar 21, 2013
Insider Transaction Report
Form 4
Weiner Neil
Director
Transactions
- Disposition to Issuer
Common Stock, $0.001 par value per share
2013-03-19−25,000→ 24,030 total
Holdings
- 1,557,599(indirect: By Foxhill Opportunity Fund, L.P.)
Common Stock, $0.001 par value per share
Footnotes (2)
- [F1]As previously disclosed by Neil Weiner (the "Reporting Person") in a prior Form 4 filing, the Reporting Person was awarded 25,000 restricted shares of common stock, par value $0.001 per share ("Common Stock"), of Cambium Learning Group, Inc. (the "Company") on February 21, 2013, in consideration of his services as a director of the Company. On March 19, 2013, this award was rescinded by the Company's Board of Directors (the "Board") as a result of certain amendments made to the Company's Board compensation program.
- [F2]The Reporting Person, as the managing member of Foxhill Capital Partners, LLC (which is the investment manager of Foxhill Opportunity Fund. L.P. ("Foxhill Domestic Fund")) and the managing member of Foxhill Capital (GP), LLC (which is the general partner of Foxhill Domestic Fund), may be deemed to beneficially own 1,557,599 shares of Common Stock beneficially owned by Foxhill Master Fund for purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended. The Reporting Person's interest in the shares of Common Stock held by Foxhill Domestic Fund is limited to the extent of his pecuniary interest, if any, in Foxhill Domestic Fund.