0001364954-21-000026.txt : 20210303
0001364954-21-000026.hdr.sgml : 20210303
20210303214718
ACCESSION NUMBER: 0001364954-21-000026
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210301
FILED AS OF DATE: 20210303
DATE AS OF CHANGE: 20210303
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: TOMASELLO ROBIN
CENTRAL INDEX KEY: 0001608511
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36180
FILM NUMBER: 21712387
MAIL ADDRESS:
STREET 1: CHEGG, INC
STREET 2: 3990 FREEDOM CIRCLE
CITY: SANTA CLARA
STATE: CA
ZIP: 95054
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CHEGG, INC
CENTRAL INDEX KEY: 0001364954
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200]
IRS NUMBER: 203237489
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 3990 FREEDOM CIRCLE
CITY: SANTA CLARA
STATE: CA
ZIP: 95054
BUSINESS PHONE: 408-855-5700
MAIL ADDRESS:
STREET 1: 3990 FREEDOM CIRCLE
CITY: SANTA CLARA
STATE: CA
ZIP: 95054
FORMER COMPANY:
FORMER CONFORMED NAME: CHEGG INC
DATE OF NAME CHANGE: 20060605
4
1
wf-form4_161482602368536.xml
FORM 4
X0306
4
2021-03-01
0
0001364954
CHEGG, INC
CHGG
0001608511
TOMASELLO ROBIN
C/O CHEGG, INC
3990 FREEDOM CIR
SANTA CLARA
CA
95054
0
1
0
0
VP, CORPORATE CONTROLLER
Common Stock
2021-03-01
4
A
0
10095
0
A
65039
D
Common Stock
2021-03-01
4
F
0
6352
99.05
D
58687
D
Performance Stock Units
0.0
2021-03-01
4
A
0
0
0
A
2025-03-01
Common Stock
14587.0
14587
D
The restricted stock unit award shall vest over a three-year period with 1/3 of the shares subject to the award vesting on the first anniversary of the award date, and the remaining shares vesting in equal quarterly installments thereafter for 24 months, subject to the employee's continuous service on each of the specified vest dates and to the terms and conditions in the Restricted Stock Unit Agreement.
The reported shares were withheld to cover the Reporting Person's tax liability in connection with the vesting of RSUs.
The PSU award are earned and become vested based upon both (i) attainment of the Absolute TSR Performance Metric and (ii) completion of the service-based vesting dates. The share price will be measured using a 60-day trailing average, with performance assessed quarterly. Once a performance target is met, the shares will become earned and will vest at 50% on the 3rd and 4th anniversary of the award date.
The PSUs shall be earned and become vested based upon both (i) attainment of the TSR Performance Metric and (ii) continued service of the Reporting Person through each vesting date, with 50% of the PSUsto vest on March 8, 2024 and 50% to vest on March 1, 2025.
Shares represent 150% of the PSUs awarded, the maximum rate of undetermined achievement.
/s/ Woodie H. Dixon, Jr., Attorney-in-Fact
2021-03-03