McWhorter Jeffery Scott 4

4 · CAMBIUM LEARNING GROUP, INC. · Filed Dec 18, 2018

Form 4

Period: 2018-12-18

General Counsel

Transactions

Disposition to Issuer
Stock Options (right to buy)
2018-12-18$12.36/sh−2,083$25,746→ 0 total
Exercise: $2.14Exp: 2024-03-13→ Common Stock, par value $0.001 per share (2,083 underlying)
Disposition to Issuer
Stock Options (right to buy)
2018-12-18$11.54/sh−6,700$77,318→ 0 total
Exercise: $2.96Exp: 2025-05-04→ Common Stock, par value $0.001 per share (6,700 underlying)
Disposition to Issuer
Stock Options (right to buy)
2018-12-18$10.00/sh−20,000$200,000→ 0 total
Exercise: $4.50Exp: 2026-03-08→ Common Stock, par value $0.001 per share (20,000 underlying)
Disposition to Issuer
Stock Options (right to buy)
2018-12-18$9.73/sh−4,000$38,920→ 0 total
Exercise: $4.77Exp: 2025-09-29→ Common Stock, par value $0.001 per share (4,000 underlying)
Disposition to Issuer
Stock Options (right to buy)
2018-12-18$9.08/sh−10,000$90,800→ 0 total
Exercise: $5.42Exp: 2026-10-02→ Common Stock, par value $0.001 per share (10,000 underlying)
Disposition to Issuer
Stock Options (right to buy)
2018-12-18$5.34/sh−10,000$53,400→ 0 total
Exercise: $9.16Exp: 2028-03-11→ Common Stock, par value $0.001 per share (10,000 underlying)
Disposition to Issuer
Stock Options (right to buy)
2018-12-18$9.50/sh−10,000$95,000→ 0 total
Exercise: $5.00Exp: 2027-03-20→ Common Stock, par value $0.001 per share (10,000 underlying)

Footnotes (1)

[F1]Disposed of pursuant to the Agreement and Plan of Merger, by and among Cambium Holding Corp. (formerly Campus Holding Corp.), Campus Merger Sub, Inc. and Cambium Learning Group, Inc. (the "Issuer"), dated October 12, 2018 (the "Merger Agreement"), whereby such options were cancelled at the effective time of the merger and converted into the right to receive a total amount in cash, equal to the product of (x) excess of $14.50 over the exercise price per share of each stock option and (y) the number of shares underlying such stock option.

Documents

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