Delaware
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1-12302
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06-1196501
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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122 Fifth Avenue, New York, New York
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10011
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(Address of principal executive offices)
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(Zip Code)
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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.04
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Temporary Suspension of Trading Under Registrant’s Employee Benefit Plans.
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Item 9.01.
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Financial Statements and Exhibits.
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Exhibit No.
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Description of Exhibit
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99.1
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Blackout Notice, dated July 23, 2015, provided to directors and executive officers of Barnes & Noble, Inc.
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BARNES & NOBLE, INC. | |||
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By:
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/s/ Bradley A. Feuer | |
Name: Bradley A. Feuer | |||
Title: Vice President, General Counsel and Corporate Secretary |
Exhibit No.
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Description of Exhibit
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99.1
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Blackout Notice, dated July 23, 2015, provided to directors and executive officers of Barnes & Noble, Inc.
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Barnes & Noble Common Stock Fund holders will receive a dividend of 0.632 share(s) of the BNED common stock for every share of Barnes & Noble common stock held. These BNED shares will be held in a new Barnes & Noble Education, Inc. Common Stock Fund. (A description of the BNED Common Stock Fund is included in the “About the BNED Common Stock Fund” section of this notice.)
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We expect this dividend will be credited to your account during the week of August 3, 2015.
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No new contributions or exchanges-in will be allowed into the BNED Common Stock Fund; there will be no restrictions on exchanges-out of the fund.
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To meet asset diversification requirements under ERISA, the 401(k) Plan Investment Committee has decided to close the BNED Common Stock Fund in approximately 9 months. Any assets remaining in the fund at that time will be liquidated and directed to a Fidelity Freedom K® Fund. You will be notified in advance of the liquidation.
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Date
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Activity
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What it means to you
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July 27, 2015
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Record date of distribution.
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Holders of Barnes & Noble Common Stock Fund as of this date will receive shares of BNED Common Stock Fund.
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July 31, 2015
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Blackout Period begins at 4:00 p.m.,
Eastern time.
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Holdings in the Barnes &Noble Common Stock Fund are not available for:
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Exchanges-out
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Loans or distributions
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Week of August 3, 2015
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Special Dividend credited.
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Once this allocation is complete, the blackout period will end and you will be able to transact.
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VRS Code:
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65822
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Objective:
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Seeks to increase the value of your investment over the long term by investing in the stock of your employer or its affiliate.
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Strategy:
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Normally invests primarily in the stock of BNED Stock Fund. This fund also invests a small portion in short-term investments to provide liquidity. Your ownership is measured in units of the fund instead of shares of stock. The fund pools your money with that of other employees to buy shares of stock in your employer or its affiliate and an amount of short-term investments designed to allow you to buy or sell without the usual trade settlement period for individual stock transactions. The amount of short-term investments is based upon a target established by the plan sponsor, but the actual amount of short-term investments on any given business day will vary with the amount of cash awaiting investment and with participant activity in the fund (redemptions, exchanges, withdrawals, etc.). The value of your investment will vary depending on the performance of the company, the overall stock market, and the performance and amount of short-term investments held by the fund, less any expenses accrued against the fund.
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Risk:
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If you invest a significant portion of your retirement savings in any one company or industry, your savings may not be properly diversified. Although diversification is not a guarantee against loss, it can be an effective strategy to help you manage investment risk. This is neither a mutual fund nor a diversified or managed investment option. Investing in a non-diversified single stock fund involves more risk than investing in a diversified fund. On days of unexpectedly heavy outflows, the fund may not have enough short-term investments for liquidity. If that happens, requests to sell units received by Fidelity before the market close on a business day may not be processed on that day. In that case, requested sales of units will be suspended and, as liquidity is restored, suspended transactions will be processed, generally on a first-in-first-out basis, at the closing price for the processing date. In unusual circumstances, the fund may be closed to purchases or sales. As with any stock, the value of your investment may go up or down depending on how the company’s stock performs in the market. Unit price and return will vary. Additional risk information for this product may be found in the prospectus or other product materials, if available.
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Short-term Redemption Fee Note:
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None
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Who may want to invest:
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☐ Someone who wants to own part of the company they may work for and share in the gains or losses of its stock.
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☐ Someone whose investment portfolio can withstand the higher risk of investment in a single stock.
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Footnotes:
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This investment option is a unitized company stock fund. This description is only intended to provide a brief overview of the fund.
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To help achieve long-term retirement security, you should give careful consideration to the benefits of a well-balanced and diversified investment portfolio. Spreading your assets among different types of investments can help you achieve a favorable rate of return, while minimizing your overall risk of losing money. This is because market or other economic conditions that cause one category of assets, or one particular security, to perform very well often cause another asset category, or other particular security to perform poorly. If you invest more than 20% of your retirement savings in any one company or industry, your savings may not be properly diversified. Although diversification is not a guarantee against loss, it is an effective strategy to help manage your investment risk.
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You have the right to direct Fidelity Management Trust Company (“The Trustee”) concerning shareholder rights, such as the right to vote or tender, for all shares of BNED Stock Fund credited to your account.
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New contributions and exchanges into this fund are not permitted. This investment option is not a mutual fund.
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