Steven R. Fife - Jan 1, 2022 Form 4 Insider Report for Lifevantage Corp (LFVN)

Role
President and CEO, Director
Signature
Alissa Neufeld, Power of Attorney for Steven R. Fife
Stock symbol
LFVN
Transactions as of
Jan 1, 2022
Transactions value $
-$15,497
Form type
4
Date filed
1/4/2022, 03:07 PM
Previous filing
Oct 5, 2021
Next filing
Apr 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LFVN Common Stock Options Exercise $0 +659 +0.31% $0.00 214K Jan 1, 2022 Direct F1, F2
transaction LFVN Common Stock Tax liability -$15.5K -2.45K -1.15% $6.32 211K Jan 1, 2022 Direct F3

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 -659 -33.35% $0.00 1.32K Jan 1, 2022 Common Stock 659 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Performance Stock Units ("PSUs") convert into common stock on a one-for-one basis.
F3 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 December 5, 2019, August 28, 2020 and September 3, 2020.