Chegg 2014 Annual Report Download - page 28

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25
defined in each officer’s offer letter). The vesting of any RSUs will also accelerate by 100%, 50% and 50% for
Messrs. Rosensweig, Brown, and Geiger, respectively, of the remaining unvested shares in the event of a qualifying termination
of employment within 12 months of a change of control (as such terms are defined in each officer’s offer letter and described in
“Termination or Change in Control Arrangements” below). The vesting of the PSUs is not subject to acceleration of vesting.
Outstanding Equity Awards at Year End
The following table provides information with respect to outstanding equity awards as of December 31, 2014 with
respect to our Named Executive Officers.
Option Awards Stock Awards
Grant
Date(1)
Number of Securities
Underlying Unexercised
Options
Exercise
Price ($) Expiration
Date
Number of
Shares that
Have Not
Vested (#)
Market
Value of
Shares that
Have Not
Vested ($) (2)
Name Exercisable
(#) Unexercisable
(#)
Dan Rosensweig. . . 3/17/2011(3) 1,000,00
0 — 7.88 2/3/2020
5/4/2011(4) 215,277 118,056 7.88 5/3/2021
11/7/2012(5) 373,747 343,849 6.92 11/6/2022
11/12/2013(6) 257,490 56,917 12.50 11/11/2023
11/12/2013(7) 240,740 425,926 12.50 11/11/2023
11/12/2013(8) 27,521 190,170
2/26/2014(9) 306,604 2,118,634
2/26/2014(10) 306,603 2,118,627
Andy Brown. . . . . . 11/2/2011(11) 344,047 97,223 7.88 11/1/2021
11/7/2012(5) 20,833 19,167 6.92 11/6/2022
11/12/2013(12) 62,178 14,910 12.50 11/11/2023
11/12/2013(7) 96,295 170,371 12.50 11/11/2023
11/12/2013(13) 6,757 46,691
2/26/2014(9) 110,063 760,535
2/26/2014(10) 110,062 760,528
Chuck Geiger . . . . . 7/22/2009 635,729 — 1.88 7/21/2019
11/7/2012(5) 52,082 47,918 6.92 11/6/2022
11/12/2013(14) 70,674 4,917 12.50 11/11/2023
11/12/2013(7) 96,295 170,371 12.50 11/11/2023
11/12/2013(15) 3,863 26,963
2/26/2014(9) 86,478 597,563
2/26/2014(10) 86,477 597,556
(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 or after 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, 2014 of $6.91.
(3) 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.
(4) 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.
(5) 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.