Justin Rose - Jul 1, 2021 Form 4 Insider Report for Lifevantage Corp (LFVN)

Role
Chief Sales &Marketing Officer
Signature
/s/ Justin Rose
Stock symbol
LFVN
Transactions as of
Jul 1, 2021
Transactions value $
-$12,149
Form type
4
Date filed
7/6/2021, 04:06 PM
Next filing
Aug 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LFVN Common Stock Options Exercise $0 +1.18K +0.77% $0.00 155K Jul 1, 2021 Direct F1, F2
transaction LFVN Common Stock Options Exercise $0 +215 +0.14% $0.00 155K Jul 1, 2021 Direct F2, F3
transaction LFVN Common Stock Tax liability -$12.1K -1.29K -0.83% $9.44 154K Jul 1, 2021 Direct F4

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 -1.18K -100% $0.00* 0 Jul 1, 2021 Common Stock 1.18K Direct F1, F2
transaction LFVN Performance Stock Units Options Exercise $0 -215 -20% $0.00 860 Jul 1, 2021 Common Stock 215 Direct F1, F2, F3
* 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 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.
F4 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 and December 5, 2019.