Steven R. Fife - 01 Jul 2021 Form 4 Insider Report for Lifevantage Corp (LFVN)

Role
President CEO and CFO
Signature
/s/ Steven R. Fife
Issuer symbol
LFVN
Transactions as of
01 Jul 2021
Net transactions value
-$22,684
Form type
4
Filing time
06 Jul 2021, 16:06:20 UTC
Next filing
16 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LFVN Common Stock Options Exercise $0 +1,963 +1.3% $0.000000 156,549 01 Jul 2021 Direct F1, F2
transaction LFVN Common Stock Options Exercise $0 +809 +0.52% $0.000000 157,358 01 Jul 2021 Direct F2, F3
transaction LFVN Common Stock Options Exercise $0 +659 +0.42% $0.000000 158,017 01 Jul 2021 Direct F2, F4
transaction LFVN Common Stock Tax liability $22,684 -2,403 -1.5% $9.44 155,614 01 Jul 2021 Direct F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LFVN Performance Stock Units Options Exercise $0 -1,963 -100% $0.000000* 0 01 Jul 2021 Common Stock 1,963 Direct F1, F2
transaction LFVN Performance Stock Units Options Exercise $0 -809 -100% $0.000000* 0 01 Jul 2021 Common Stock 809 Direct F2, F3
transaction LFVN Performance Stock Units Options Exercise $0 -659 -20% $0.000000 2,635 01 Jul 2021 Common Stock 659 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 15, 2018 the reporting person was granted PSUs which vest only to the extent the specified financial performance criteria are achieved and subject to the reporting person's continued service with the issuer, as follows: (i) 5/12 of the earned award vested on the first anniversary of the grant date and (ii) an additional 1/12 of the earned award will vest on the first day of each calendar quarter thereafter. The reporting person initially reported the number of shares that were eligible to be earned at target-level performance achievement. The performance criteria were achieved at a level above target; accordingly, the reporting person is eligible to earn 162% of the target number of units. The actual number of shares that vested on the reported transaction date was 162% of the at-target number of shares subject to vesting on that date and the number of PSUs beneficially owned following the reported transaction has been updated to reflect 162% of the target number of units.
F2 Performance Stock Units ("PSUs") convert into common stock on a one-for-one basis.
F3 On February 1, 2019 the reporting person was granted PSUs which vest only to the extent the specified financial performance criteria are achieved and subject to the reporting person's continued service with the issuer, as follows: (i) 1/2 of the earned award vested on the first anniversary of the grant date and (ii) an additional 1/12 of the earned award will vest on the first day of each calendar quarter thereafter. The reporting person initially reported the number of shares that were eligible to be earned at target-level performance achievement. The performance criteria were achieved at a level above target; accordingly, the reporting person is eligible to earn 162% of the target number of units. The actual number of shares that vested on the reported transaction date was 162% of the at-target number of shares subject to vesting on that date and the number of PSUs beneficially owned following the reported transaction has been updated to reflect 162% of the target number of units.
F4 On December 5, 2019 the reporting person was granted PSUs which vest only to the extent specified financial performance criteria are achieved and subject to the reporting person's continued service with the issuer, as follows: (i) 5/12 of the earned award vested on the first anniversary of the grant date and (ii) an additional 1/12 of the earned award will vest on the first day of each calendar quarter thereafter. The reporting person initially reported the number of shares that were eligible to be earned at target-level performance achievement. The performance criteria were achieved at a level below target; accordingly, the reporting person is eligible to earn 50.99% of the target number of units. The actual number of shares that vested on the reported transaction date was 50.99% of the at-target number of shares subject to vesting on that date and the number of PSUs beneficially owned following the reported transaction has been updated to reflect 50.99% of the target number of units.
F5 These shares were withheld to satisfy tax withholding obligations in connection with the vesting of PSU awards and stock unit awards granted to the reporting person on November 15, 2018, February 1, 2019, and December 5, 2019.