0001144204-18-002478.txt : 20180117 0001144204-18-002478.hdr.sgml : 20180117 20180117171214 ACCESSION NUMBER: 0001144204-18-002478 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180117 DATE AS OF CHANGE: 20180117 GROUP MEMBERS: RIGGIO FOUNDATION SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Barnes & Noble Education, Inc. CENTRAL INDEX KEY: 0001634117 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS SHOPPING GOODS STORES [5940] IRS NUMBER: 460599018 STATE OF INCORPORATION: DE FISCAL YEAR END: 0429 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-88954 FILM NUMBER: 18532183 BUSINESS ADDRESS: STREET 1: 120 MOUNTAIN VIEW BOULEVARD CITY: BASKING RIDGE STATE: NJ ZIP: 07920 BUSINESS PHONE: 908-991-2665 MAIL ADDRESS: STREET 1: 120 MOUNTAIN VIEW BOULEVARD CITY: BASKING RIDGE STATE: NJ ZIP: 07920 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RIGGIO LEONARD CENTRAL INDEX KEY: 0000927587 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: 122 FIFTH AVE CITY: NEW YORK STATE: NY ZIP: 10011 SC 13D/A 1 tv483506_sc13da.htm SC 13D/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

  

SCHEDULE 13D/A

 

Under the Securities Exchange Act of 1934
(Amendment No. 1)

 

Barnes & Noble Education, Inc.

 

(Name of Issuer)

 

Common Stock, par value $0.01 per share

 

(Title of Class of Securities)

 

06777U101

 

(CUSIP Number)

 

Leonard Riggio

c/o Barnes & Noble, Inc.

122 Fifth Avenue

New York, NY 10011

(212) 633-3300

 

with a copy to:

 

Bryan Cave LLP
1290 Avenue of the Americas
New York, New York 10104
Attention: Jay M. Dorman
Telephone (212) 541-2018

 

(Name, Address and Telephone Number of Person Authorized to

Receive Notices and Communications)

 

January 9-17, 2017

 

(Date of Event Which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. □

 

(Continued on the following pages)

 

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.

 

 

 

 

 

 

   
1 NAMES OF REPORTING PERSONS

Leonard Riggio
   
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) ¨
    (b) ¨
   
3 SEC USE ONLY
   
4 SOURCE OF FUNDS
   
  Not applicable
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)  ¨
   
   
6 CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
   

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH
7 SOLE VOTING POWER
   
  2,399,781
8 SHARED VOTING POWER
   
  4,567,228
9 SOLE DISPOSITIVE POWER
   
  2,399,781
10 SHARED DISPOSITIVE POWER
   
4,567,228

 

11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  6,967,009
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES

¨
     
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
  14.9%
14 TYPE OF REPORTING PERSON
   
  IN

 

 

  2 

 

 

1 NAMES OF REPORTING PERSONS

The Riggio Foundation
   
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) ¨
    (b) ¨
   
3 SEC USE ONLY
   
4 SOURCE OF FUNDS
   
  Not applicable
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)  ¨
   
   
6 CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
   

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH
7 SOLE VOTING POWER
   
  3,103,094
8 SHARED VOTING POWER
   
 
9 SOLE DISPOSITIVE POWER
   
  3,103,094
10 SHARED DISPOSITIVE POWER
   
 

 

11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  3,103,094
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES

¨
     
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
  6.6%
14 TYPE OF REPORTING PERSON
   
  OO

 

  3 

 

  

Introductory Statement  

 

This Amendment No. 1 to Schedule 13D is being filed by Leonard Riggio (“Mr. Riggio”) and The Riggio Foundation (collectively, the “Reporting Persons”), to amend the Item specified below in Mr. Riggio’s Schedule 13D with respect to the common stock, $0.01 par value (“Common Stock”), of Barnes & Noble Education, Inc., a Delaware corporation (the “Company”).

 

Item 5. Interest in Securities of the Issuer.

 

(a) and (b) The beneficial ownership percentages used herein are calculated based upon the 46,914,248 shares of Common Stock issued and outstanding as of November 30, 2017, as reported in the Company’s Form 10-Q for the quarterly period ended October 28, 2017, filed with the Securities and Exchange Commission on December 5, 2017. The share amounts used herein are as of January 17, 2018 after giving effect to the sales reported in (c) below.

 

Mr. Riggio is the beneficial owner of 6,967,009 shares, or 14.9%, of Common Stock. Mr. Riggio is the direct beneficial owner of 2,399,781 shares of Common Stock. Mr. Riggio has the sole power to vote and dispose of all of such directly owned shares. Mr. Riggio and his wife, Louise Riggio (“Mrs. Riggio”), are the indirect beneficial owners of the 1,464,134 shares of Common Stock owned by LRBKS Holdings, Inc. (“LRBKS”), a Delaware corporation beneficially owned by Mr. and Mrs. Riggio, and have the power to direct the vote and disposition of the shares owned by LRBKS. Mr. Riggio and Mrs. Riggio are the indirect beneficial owners of 3,103,094 shares of Common Stock as co-trustees of The Riggio Foundation, a charitable trust in which neither Mr. or Mrs. Riggio, nor any of their family members or affiliates, have any pecuniary interest. Mr. and Mrs. Riggio have the power to direct the vote and disposition of the shares owned by The Riggio Foundation.

 

(c) On December 21, 2017, Mr. Riggio gifted 1,200,000 shares of Common Stock to The Riggio Foundation. Between January 9, 2018 and January 17, 2018, The Riggio Foundation sold an aggregate of 650,000 shares of Common Stock in multiple open market transactions at per share prices ranging from $7.22 to $7.87, inclusive, with a weighted average price of $7.58197 per share. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, upon request, full information regarding the details of the foregoing sales transactions, including the number of shares sold at each separate price within the foregoing ranges.

 

Except as described herein, the Reporting Persons have not effected any transactions in the Common Stock of the Company during the past sixty days.

 

  4 

 

 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated:  January 17, 2018    
     
  /s/ Leonard Riggio  
  Leonard Riggio, Individually and as  
  Trustee of The Riggio Foundation  

 

  5