BORDERS DAVE JR. 4
4 · CHEGG, INC · Filed Apr 2, 2019
Insider Transaction Report
Form 4
CHEGG, INCCHGG
BORDERS DAVE JR.
GENERAL COUNSEL
Transactions
- Sale
Common Stock
2019-04-01$37.55/sh−15,000$563,250→ 462,561 total - Tax Payment
Common Stock
2019-04-01$37.75/sh−49,581$1,871,683→ 477,561 total
Footnotes (3)
- [F1]Exempt transaction pursuant to Section 16b-3(e) payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were automatically withheld by the Issuer in accordance with the agreement governing the RSUs to satisfy federal and state tax withholding obligations of the Reporting Person resulting from the vesting and settlement of RSUs. The Reporting Person did not sell any of the shares reported on this Form 4 item; such shares were cancelled by the Issuer in accordance with the foregoing.
- [F2]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 5, 2017.
- [F3]This transaction was executed in multiple trades at prices ranging from $37.10 to $38.04; 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.