Sec Form 4 Filing - MILLER MICHAEL CONNOLLY @ Barnes & Noble Education, Inc. - 2022-06-16

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
MILLER MICHAEL CONNOLLY
2. Issuer Name and Ticker or Trading Symbol
Barnes & Noble Education, Inc. [ BNED]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CLO, EVP, Corp Aff & Secretary
(Last) (First) (Middle)
C/O BARNES & NOBLE EDUCATION, INC., 120 MOUNTAIN VIEW BLVD
3. Date of Earliest Transaction (MM/DD/YY)
06/16/2022
(Street)
BASKING RIDGE, NJ07920
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/16/2022 A 55,556( 1 ) A $ 0 219,546 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (Right to Buy) $ 2.36 06/16/2022 A 47,484 06/16/2023( 2 ) 06/16/2032 Common Stock 47,484 $ 0 47,484 D
Non-Qualified Stock Option (Right to Buy) $ 4.86 06/16/2022 A 51,346 06/16/2023( 3 ) 06/16/2032 Common Stock 51,346 $ 0 51,346 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MILLER MICHAEL CONNOLLY
C/O BARNES & NOBLE EDUCATION, INC.
120 MOUNTAIN VIEW BLVD
BASKING RIDGE, NJ07920
CLO, EVP, Corp Aff & Secretary
Signatures
/s/ Michael C. Miller 06/21/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Grant of restricted stock units (RSUs). Each RSU represents the contingent right to receive one share of common stock, par value $0.01, of the Company. The RSUs vest and will be settled in three equal installments on each of June 16, 2023, June 16, 2024 and June 16, 2025, or in each case, if such date is not a business day, the business day immediately following such date.
( 2 )Non-qualified Stock Options granted with an exercise price of $2.36 per share, which was the fair market value on the date of grant. These Options will vest in four equal installments on each of June 16, 2023, June 16, 2024, June 16, 2025 and June 16, 2026 and will expire on June 16, 2032.
( 3 )Non-qualified Stock Options granted with an above market exercise price of $4.86 per share. These Options will vest in four equal installments on each of June 16, 2023, June 16, 2024, June 16, 2025 and June 16, 2026 and will expire on June 16, 2032.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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