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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Options (right to buy) | $ 4.5 | 01/27/2010 | A | 131,250 | (2) | 01/27/2010 | Common Stock, par value $0.001 per share | 131,250 | $ 0 (1) | 131,250 | D | ||||
Stock Options (right to buy) | $ 6.5 | 01/27/2010 | A | 43,750 | (3) | 01/27/2010 | Common Stock, par value $0.001 per share | 43,750 | $ 0 (1) | 43,750 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
BUCHARDT TODD C/O CAMBIUM LEARNING GROUP, INC. 1800 VALLEY VIEW LANE, SUITE 400 DALLAS, TX 75234 |
SVP, Gen. Counsel & Secretary |
/s/ Todd W. Buchardt | 01/29/2010 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | On January 27, 2010, Todd W. Buchardt (the "Reporting Person") was granted options to purchase an aggregate of 175,000 shares of common stock, par value $0.001 per share ("Common Stock"), of Cambium Learning Group, Inc. (the "Company") in consideration of his services as an executive officer of the Company. These options were granted to the Reporting Person pursuant and subject to the Company's 2009 Equity Incentive Plan. Of these options, (i) options to purchase 131,250 shares of Common Stock have a per-share exercise price of $4.50 (the "$4.50 Options"), and (ii) options to purchase 43,750 shares of Common Stock have a per-share exercise price of $6.50 (the "$6.50 Options"). |
(2) | The $4.50 Options vest in equal increments of twenty-five percent (25%) per year beginning on December 8, 2010 (the "Initial Vesting Date"), such that the $4.50 Options will vest as to one-quarter (1/4) of the 131,250 shares on the Initial Vesting Date and on each of the second, third and fourth anniversaries of the Initial Vesting Date. |
(3) | The $6.50 Options vest in equal increments of twenty-five percent (25%) per year beginning on the Initial Vesting Date, such that the $6.50 Options will vest as to one-quarter (1/4) of the 43,750 shares on the Initial Vesting Date and on each of the second, third and fourth anniversaries of the Initial Vesting Date. |