Delaware | 20-3237489 | |
(State or Other Jurisdiction of Incorporation or Organization) | (I.R.S. Employer Identification No.) |
2013 Equity Incentive Plan |
2013 Employee Stock Purchase Plan |
Copies to: | ||
David A. Bell, Esq. Shulamite Shen White, Esq. Fenwick & West LLP Silicon Valley Center 801 California Street Mountain View, California 94041 (650) 988-8500 | Robert Chesnut, Esq. Dave Borders Jr., Esq. Chegg, Inc. 3990 Freedom Circle Santa Clara, CA 95054 (408) 855-5700 |
Large accelerated filer o | Accelerated filer ý |
Non-accelerated filer o (Do not check if a smaller reporting company) | Smaller reporting company o |
Title of Securities To Be Registered | Amount To Be Registered (1) | Proposed Maximum Offering Price Per Share | Proposed Maximum Aggregate Offering Price | Amount of Registration Fee | |||||
Common Stock, par value $0.001 per share, reserved for issuance pursuant to: | |||||||||
- the 2013 Equity Incentive Plan | 4,200,402 (2)(4) | $8.09 (5) | $ | 33,981,252.18 | $ | 3,948.62 | |||
- the 2013 Employee Stock Purchase Plan | 840,080 (3)(4) | $6.88 (6) | $ | 5,779,750.40 | $ | 671.61 | |||
TOTAL | 5,040,482 | N/A | $ | 39,761,002.58 | $ | 4,620.23 |
(1) | Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement shall also cover any additional shares of the Registrant’s common stock that become issuable in respect of the securities identified in the above table by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without the Registrant’s receipt of consideration which results in an increase in the number of the outstanding shares of the Registrant’s common stock. |
(2) | Represents an automatic increase to the number of shares available for issuance under the 2013 Equity Incentive Plan (the “2013 Plan”) equal to 5% of the Registrant’s total outstanding shares as of December 31, 2014. The increase was effective as of January 1, 2015. |
(3) | Represents an automatic increase to the number of shares available for issuance under the 2013 Employee Stock Purchase Plan (the “2013 ESPP”) equal to 1% of the Registrant’s total outstanding shares as of December 31, 2014. The increase was effective as of January 1, 2015. |
(4) | Shares available for issuance under the 2013 Plan and 2013 ESPP were previously registered on registration statements on Form S-8 filed with the Securities and Exchange Commission (the “SEC”) on November 14, 2013 (Registration No. 333-192332) and March 6, 2014 (Registration No. 333-194365). |
(5) | Estimated solely for the purpose of calculating the registration fee in accordance with Rules 457(c) and (h) under the Securities Act on the basis of the average of the high and low prices of the Registrant's common stock as reported on the New York Stock Exchange on March 2, 2015. |
(6) | Estimated solely for the purpose of calculating the registration fee in accordance with Rules 457(c) and (h) under the Securities Act on the basis of the average of the high and low prices of the Registrant's common stock as reported on the New York Stock Exchange March 2, 2015, multiplied by 85%, which is the percentage of the trading price per share applicable to purchasers under the 2013 ESPP. |
Item 8. | Exhibits. |
Chegg, Inc | |||
By: | /s/ DAN ROSENSWEIG | ||
Dan Rosensweig | |||
President, Chief Executive Officer and Chairman |
Name | Title | Date |
/S/ DAN ROSENSWEIG | President, Chief Executive Officer and Chairman | March 6, 2015 |
Dan Rosensweig | (Principal Executive Officer) | |
/S/ ANDREW BROWN | Chief Financial Officer | March 6, 2015 |
Andrew Brown | (Principal Financial Officer) | |
/S/ ROBIN TOMASELLO | Vice President, Corporate Controller | March 6, 2015 |
Robin Tomasello | (Principal Accounting Officer) | |
Director | ||
Jeffrey Housenbold | ||
/S/ BARRY MCCARTHY | Director | March 6, 2015 |
Barry McCarthy | ||
/S/ MARNE LEVINE | Director | March 6, 2015 |
Marne Levine | ||
/S/ RICHARD SARNOFF | Director | March 6, 2015 |
Richard Sarnoff | ||
/S/ TED SCHLEIN | Director | March 6, 2015 |
Ted Schlein | ||
Director | ||
John York |
Exhibit | Incorporated by Reference | Filed | ||||
Number | Exhibit Description | Form | File No. | Exhibit | Filing Date | Herewith |
5.1 | Opinion of Fenwick & West LLP | X | ||||
23.1 | Consent of Independent Registered Public Accounting Firm | X | ||||
23.2 | Consent of Fenwick & West LLP (contained in Exhibit 5.1) | X | ||||
24.1 | Power of Attorney (included on the signature page to this Registration Statement) | X | ||||
99.1 | 2013 Equity Incentive Plan | S-1/A | 333-190616 | 10.04 | October 25, 2013 | |
99.2 | 2013 Employee Stock Purchase Plan | S-1 | 333-190616 | 10.05 | August 14, 2013 |
Very truly yours, | ||
FENWICK & WEST LLP | ||
By: | /s/ David A. Bell | |
David A. Bell, a Partner |
(1) | The Restated Certificate of Incorporation of Chegg, Inc., a Delaware corporation, (the "Company"), filed with and certified by the Delaware Secretary of State on November 18, 2013 (the "Restated Certificate"); |
(2) | The Company’s Amended and Restated Bylaws, certified by the Company’s Secretary on November 18, 2013 (the "Bylaws"); |
(3) | The Registration Statement, together with the exhibits filed as a part thereof or incorporated therein by reference; |
(4) | The Plans and related forms of Plan agreements for use thereunder which are filed and/or incorporated by reference as exhibits to the Registration Statement (the "Plan Agreements"); |
(5) | The prospectuses prepared in connection with the Registration Statement (the "Prospectuses"); |
(6) | The minutes of meetings and actions by written consent of the Company’s Board of Directors (the "Board") and the Company's stockholders ("Stockholders") at which, or pursuant to which the Board and/or the Stockholders approved (i) the Restated Certificate, (ii) the Bylaws (iii) the Plans, (iv) the reservation of Common Stock for sale and issuance pursuant to the Plans and (v) the filing of the Registration Statement; |
(7) | An Opinion Certificate addressed to us and dated of even date herewith executed by the Company containing certain factual representations (the "Opinion Certificate"); |
(8) | The stock records that the Company has provided to us (consisting of a statement from the Company’s transfer agent, American Stock Transfer & Trust Company, LLC, verifying the number of the Company’s issued and outstanding shares of capital stock as of March 5, 2015 and a statement prepared by the Company in the Opinion Certificate as to the number of issued and outstanding options, restricted stock units, warrants and any other rights to purchase or otherwise acquire from the Company shares of the Company’s capital stock and any additional shares of capital stock reserved for future issuance by the Company in connection with the Company’s stock option and stock purchase plans and any and all other plans, agreements, rights or commitments of the Company or otherwise as of March 5, 2015); and |
(9) | A Certificate of Good Standing issued by the Delaware Secretary of State dated March 6, 2015 stating that the Company is in good standing under the laws of the State of Delaware ( the "Certificate of Good Standing") |