Chegg 2013 Annual Report Download - page 34

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Outstanding Equity Awards at Year End
The following table provides information with respect to outstanding equity awards as of December 31,
2013 with respect to our Named Executive Officers.
Option Awards Stock Awards
Grant
Date(1)
Number of Securities
Underlying Unexercised
Options Exercise
Price
($)
Expiration
Date
Number of
Shares
that Have
Not
Vested (#)
Market Value
of Shares
that Have
NotVested
($)(2)
Name
Exercisable
(#)
Unexercisable
(#)
Dan Rosensweig .... 2/4/2010(3) 500,000 4,255,000
3/17/2011(4) 979,165(4) 20,835 7.88 2/3/2020
5/4/2011(5) 131,943 201,390 7.88 5/3/2021
11/7/2012(6) 194,348 523,248 6.92 11/6/2022
11/12/2013(7) 161,555 152,852 12.50 11/11/2023
11/12/2013(8) — 666,666 12.50 11/11/2023
11/12/2013(9) 73,847 628,438
Andy Brown ....... 11/2/2011(10) 100,000 851,000
11/2/2011(11) 227,381 213,889 7.88 11/1/2021
11/7/2012(6) 10,833 29,167 6.92 11/6/2022
11/12/2013(12) 34,551 42,537 12.50 11/11/2023
11/12/2013(8) — 266,666 12.50 11/11/2023
11/12/2013(13) 19,298 164,226
Chuck Geiger ...... 7/22/2009 635,729 — 1.88 7/21/2019
11/7/2012(6) 27,083 72,917 6.92 11/6/2022
11/12/2013(14) 68,106 7,485 12.50 11/11/2023
11/12/2013(8) — 266,666 12.50 11/11/2023
11/12/2013(15) 5,857 49,843
(1) All of the outstanding equity awards granted prior to November 12, 2013 were granted under our 2005
Stock Incentive Plan. The outstanding equity awards granted on November 12, 2013 were granted under our
2013 Equity Incentive Plan.
(2) The market price for our common stock is based on the closing price per share of our common stock as
listed on the NYSE on December 31, 2013 of $8.51.
(3) These RSUs vest upon the satisfaction of both a time-based service component and a performance
condition. As of December 31, 2013, the time-based service component was satisfied. The performance
condition was satisfied and the RSUs fully vested on March 15, 2014.
(4) 25% of the option vested on January 15, 2011 and 1/48th vests monthly thereafter, subject to acceleration as
described in “—Termination or Change in Control Arrangements” below. Includes 68,251 shares subject to
stock options transferred as a gift to Daniel Lee Rosensweig and Linda Rosensweig Co-Trustees of the
Rosensweig 2012 Irrevocable Children’s Trust u/a/d 11/6/2012 on November 8, 2013.
(5) 25% of the option vested on May 4, 2013 and 1/36th vests monthly thereafter, subject to acceleration as
described in “—Termination or Change in Control Arrangements” below.
(6) 1/48th of the option vests monthly beginning on the grant date, subject to acceleration as described in
“—Termination or Change in Control Arrangements” below.
(7) On the grant date, 153,079 shares subject to the option were vested and immediately exercisable. Over the
first 12-month period following the grant date, a total of 101,712 shares subject to the option will vest in
equal monthly installments. Over the second 12-month period following the grant date, a total of 32,388
subject to the option will vest in equal monthly installments. Over the third 12-month period following the
grant date, a total of 27,228 shares subject to the option will vest in equal monthly installments. The vesting
is subject to acceleration as described in “—Termination or Change in Control Arrangements” below.
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