Initial Statement of Beneficial Ownership (3)
October 29 2020 - 05:02PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP
OF SECURITIES
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OMB
APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response... 0.5 |
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Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
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1. Name
and Address of Reporting Person *
HENDERSON DAVID GORDON |
2. Date of Event Requiring Statement
(MM/DD/YYYY)
10/22/2020
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3. Issuer Name and Ticker or Trading
Symbol Barnes & Noble Education, Inc. [BNED] |
(Last)
(First)
(Middle)
C/O BARNES & NOBLE EDUCATION, INC., 120 MOUNTAINVIEW
BLVD. |
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
___X___ Officer (give title
below) _____
Other (specify below)
Pres, MBS; EVP, Strat Services / |
(Street)
BASKING
RIDGE, NJ 07920
(City)
(State)
(Zip)
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5. If Amendment, Date Original
Filed(MM/DD/YYYY)
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6. Individual or Joint/Group
Filing(Check Applicable
Line)_X_ Form filed by One Reporting
Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Beneficially
Owned
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1.Title of Security
(Instr. 4) |
2. Amount of Securities Beneficially Owned
(Instr. 4) |
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5) |
4. Nature of Indirect Beneficial Ownership
(Instr. 5) |
Common Stock |
198462 (1)(2) |
D |
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Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
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1. Title of Derivate Security
(Instr. 4) |
2. Date Exercisable and Expiration Date
(MM/DD/YYYY) |
3. Title and Amount of Securities Underlying
Derivative Security
(Instr. 4) |
4. Conversion or Exercise Price of Derivative
Security |
5. Ownership Form of Derivative Security: Direct (D)
or Indirect (I)
(Instr. 5) |
6. Nature of Indirect Beneficial Ownership
(Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Non-Qualified Stock Option (Right to Buy) |
9/22/2021 (3) |
9/22/2030 |
Common Stock |
54258.0 |
$2.46 |
D |
|
Non-Qualified Stock Option (Right to Buy) |
9/22/2021 (4) |
9/22/2030 |
Common Stock |
54258.0 |
$5.0 |
D |
|
Phantom Share Unit |
9/22/2021 |
9/22/2023 |
Common Stock |
118902.0 |
(5) |
D |
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Explanation of
Responses: |
(1) |
Shares include 52,380
Performance Share Units (PSUs) which are earned based on a
combination of the Company's performance over the performance
period as measured by absolute total shareholder return reflected
by the BNED Common Stock price (50% of the PSUs) and BNED Adjusted
EBITDA (50% of the PSUs). The performance period is the two year
period beginning April 28, 2019 and ending on May 1, 2021. Earned
PSUs will be converted to shares of Company Common Stock on a
one-for-one basis after the expiration of an additional one year
holding period ending on June 19, 2022. Unearned PSUs and earned
PSUs that have not satisfied the one-year holding period will be
forfeited. |
(2) |
Shares include 55,113
Restricted Stock Units(RSUs). Each RSU represents the contingent
right to receive one share of Company common stock, par value
$0.01. 17,460 RSUs will vest on each of June 19, 2021 and June 19,
2022, and 20,193 RSUs will vest on September 26, 2021, or in each
case, if such date is not a business day, the business day
immediately following such date. |
(3) |
Non-qualified Stock Options
granted with an exercise price of $2.46 per share, which was the
fair market value on the date of grant. These Options will vest in
four equal installments on each of September 22, 2021, September
22, 2022, September 22, 2023 and September 22, 2024 and will expire
on September 22, 2030 |
(4) |
Non-qualified Stock Options
granted with an above market exercise price of $5 per share. These
Options will vest in four equal installments on each of September
22, 2021, September 22, 2022, September 22, 2023 and September 22,
2024 and will expire on September 22, 2030. |
(5) |
Each phantom share
represents the economic equivalent to one share of common stock of
the Company and will be settled in cash based on the fair market
value of a share of common stock at each vesting date in an amount
not to exceed $7.38 per share. The phantom shares vest and will be
settled in three equal installments on each of September 22, 2021,
September 22, 2022 and September 22, 2023, or in each case, if such
date is not a business day, the business day immediately following
such date. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
HENDERSON DAVID GORDON
C/O BARNES & NOBLE EDUCATION, INC.
120 MOUNTAINVIEW BLVD.
BASKING RIDGE, NJ 07920 |
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|
Pres, MBS; EVP, Strat Services |
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Signatures
|
/s/ David G. Henderson |
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10/29/2020 |
**Signature of
Reporting Person |
Date |