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SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
McWhorter Jeffery Scott

(Last) (First) (Middle)
17855 DALLAS PARKWAY, SUITE 400

(Street)
DALLAS TX 75287

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
07/10/2015
3. Issuer Name and Ticker or Trading Symbol
CAMBIUM LEARNING GROUP, INC. [ ABCD ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
General Counsel
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (right to buy) (1) (1) Common Stock, par value $0.001 per share 10,000 (1) D
Stock Options (right to buy) (2) (2) Common Stock, par value $0.001 per share 13,400 (2) D
Explanation of Responses:
1. On May 14, 2014, the reporting person was granted options ("2014 Options") to purchase a total of 10,000 shares of common stock, par value $0.001, of Cambium Learning Group, Inc. (the "Company"), in consideration of his services as an employee of the Company. The 2014 Options were granted to the reporting person pursuant and subject to the Cambium Learning Group, Inc. 2009 Equity Incentive Plan. The per-share exercise price of the 2014 Options is $2.14 and the 2014 Options vest in equal monthly installments on the last day of the month over a four year period, with an initial vesting date of May 31, 2014.
2. On May 5, 2015, the reporting person was granted options ("2015 Options") to purchase a total of 13,400 shares of common stock, par value $0.001, of Cambium Learning Group, Inc., in consideration of his services as an employee of the Company. The 2015 Options were granted to the reporting person pursuant and subject to the Cambium Learning Group, Inc. 2009 Equity Incentive Plan. The per-share exercise price of the 2015 Options is $2.96 and the 2015 Options vest in equal monthly installments on the last day of the month over a four year period, with an initial vesting date of May 31, 2015.
Remarks:
J. Scott McWhorter, Esq., Attorney-in-Fact 07/10/2015
** Signature of Reporting Person Date
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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.