Chegg 2013 Annual Report Download - page 89

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Stockholders of Record
As of December 31, 2013, there were 305 stockholders of record of our common stock, and the closing price
of our common stock was $8.51 per share as reported on the New York Stock Exchange. Because many of our
shares of common stock are held by brokers and other institutions on behalf of stockholders, we are unable to
estimate the total number of stockholders represented by these record holders.
Dividend Policy
We have never declared or paid any cash dividend on our common stock. We intend to retain any future
earnings and do not expect to pay dividends in the foreseeable future. In addition, our credit facilities contain
restrictions on our ability to pay dividends.
Stock Performance Graph
This performance graph shall not be deemed “soliciting material” or to be “filed” with the SEC for purposes
of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that Section, and shall not be deemed
to be incorporated by reference into any filing of Chegg under the Securities Act or the Exchange Act.
The following graph shows a comparison from November 13, 2013 (the date our common stock commenced
trading on the New York Stock Exchange) through December 31, 2013 of the cumulative total return for our common
stock, the Standard & Poor’s 500 Stock Index (S&P 500 Index) and Russell 2000 Index. The graph assumes that $100
was invested at the market close on November 13, 2013 in the common stock of Chegg, Inc., the S&P 500 Index and the
Russell 2000 Index and data for the S&P 500 Index and the Russell 2000 Index assumes reinvestments of dividends.
The stock price performance of the following graph is not necessarily indicative of future stock price performance.
120.00
Chegg
S&P 500
Russell 2000
110.00
100.00
90.00
80.00
70.00
60.00
11/13/2013
11/15/2013
11/17/2013
11/21/2013
11/19/2013
11/23/2013
11/25/2013
11/27/2013
11/29/2013
12/1/2013
12/3/2013
12/5/2013
12/7/2013
12/9/2013
12/11/2013
12/13/2013
12/15/2013
12/17/2013
12/19/2013
12/21/2013
12/23/2013
12/25/2013
12/27/2013
12/29/2013
12/31/2013
Recent Sale of Unregistered Securities
Recent Sale of Unregistered Securities
During 2013, prior to our filing of a Registration Statement on Form S-8 with the SEC on November 14, 2013,
pursuant to which we registered all stock option and RSU awards outstanding as of that date we granted stock
options under our 2005 Stock Incentive Plan to purchase 2,108,443 shares of common stock (net of expirations,
forfeitures and cancellations) to our employees, directors, advisors and consultants, having exercise prices ranging
from $7.64 to $12.06 per share, as well as 925 RSUs to our employees under our 2005 Stock Incentive Plan. In
addition, options to purchase 862,313 shares of common stock were exercised through November 14, 2013 at
exercise prices ranging from $0.08 to $8.42 per share, for aggregate consideration of $3.3 million. The sales of the
above securities were deemed to be exempt from registration under the Securities Act in reliance upon Rule 701
43