Steven R. Fife - Aug 18, 2023 Form 4/A - Amendment Insider Report for Lifevantage Corp (LFVN)

Signature
Alissa Neufeld, Power of Attorney for Steven R. Fife
Stock symbol
LFVN
Transactions as of
Aug 18, 2023
Transactions value $
$0
Form type
4/A - Amendment
Date filed
8/23/2023, 05:24 PM
Date Of Original Report
Aug 22, 2023
Previous filing
Jul 5, 2023
Next filing
Aug 28, 2023

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 -68K -33.33% $0.00 136K Aug 18, 2023 Common Stock 68K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance Stock Units ("PSUs") convert into common stock on a one-for-one basis.
F2 On August 18, 2022, 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) 1/3 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 133.13% of the target number of units. The actual number of shares that vested on the reported transaction date was 133.13% 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 the new target number of units.
F3 The prior Form 4 incorrectly reported the number of shares beneficially owned following reported transaction as 142,831 shares.