4//SEC Filing
CAMBIUM LEARNING GROUP, INC. 4
Accession 0001209191-13-038563
CIK 0001466815operating
Filed
Jul 30, 8:00 PM ET
Accepted
Jul 31, 8:57 PM ET
Size
11.5 KB
Accession
0001209191-13-038563
Insider Transaction Report
Form 4
BUCHARDT TODD
General Counsel & Secretary
Transactions
- Disposition to Issuer
Stock Options (right to buy)
2013-07-30−131,250→ 43,750 totalExercise: $4.50Exp: 2020-01-27→ Common Stock, par value $0.001 par value per share (131,250 underlying) - Award
Stock Options (right to buy)
2013-07-30+100,000→ 100,000 totalExercise: $1.30Exp: 2020-01-27→ Common Stock, par value $0.001 par value per share (100,000 underlying) - Disposition to Issuer
Stock Options (right to buy)
2013-07-30−43,750→ 0 totalExercise: $6.50Exp: 2020-01-27→ Common Stock, par value $0.001 par value per share (43,750 underlying)
Holdings
- 6,181
Common Stock, $0.001 par value per share
Footnotes (2)
- [F1]The Options vest in equal increments of twenty-five percent (25%) per year beginning on December 8, 2010 (the "Initial Vesting Date"), such that the Options will vest as to one-quarter (1/4) of the shares on the Initial Vesting Date and on each of the second, third and fourth anniversaries of the Initial Vesting Date.
- [F2]On July 30, 2013, Cambium Learning Group, Inc. (the "Company") cancelled, pursuant to the Company's option exchange offer, options granted to the reporting person. In exchange the reporting person received replacement options based on a conversion ratio determined by the Compensation Committee of the Company's Board of Directors. Each of the replacement options has an exercise price of $1.30 and vests in equal monthly installments on the last day of each month of the four year period commencing on January 1, 2013. The replacement options continue to expire on the scheduled expiration date applicable to the cancelled options.
Documents
Issuer
CAMBIUM LEARNING GROUP, INC.
CIK 0001466815
Entity typeoperating
Related Parties
1- filerCIK 0001466815
Filing Metadata
- Form type
- 4
- Filed
- Jul 30, 8:00 PM ET
- Accepted
- Jul 31, 8:57 PM ET
- Size
- 11.5 KB