S. Gregory Clevenger - Aug 18, 2021 Form 4 Insider Report for LiveVox Holdings, Inc. (LVOX)

Signature
Mark Mallah, by Power of Attorney for S. Gregory Clevenger
Stock symbol
LVOX
Transactions as of
Aug 18, 2021
Transactions value $
$0
Form type
4
Date filed
8/20/2021, 04:26 PM
Previous filing
Aug 18, 2021
Next filing
Nov 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LVOX Common Stock Award $0 +80.6K +806.25% $0.00 90.6K Aug 18, 2021 Direct F1, F2
transaction LVOX Common Stock Award $0 +161K +177.93% $0.00 252K Aug 18, 2021 Direct F1, F3
transaction LVOX Common Stock Award $0 +80.6K +32.01% $0.00 333K Aug 18, 2021 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") and performance stock unit ("PSU") represents a contingent right to receive one share of Common Stock of LiveVox Holdings, Inc.
F2 The reported securities are RSUs subject to service vesting, 25% at 6/21/22 and 6.25% quarterly thereafter, with full vesting by 6/21/25.
F3 The reported securities are PSUs divided into two equal Performance Tranches, with the PSUs subject to each Performance Tranche vesting if, for any 20 trading days out of 30 consecutive trading days beginning after the grant date, the per share volume-weighted average price (the "VWAP") over such period is greater than the applicable VWAP hurdle. The VWAP hurdles are $15.00 and $17.50, respectively.
F4 The reported securities are PSUs that are subject to both service and performance vesting. The PSUs will service vest 25% at 6/21/22 and 6.25% quarterly thereafter, with full vesting by 6/21/25. In addition, the PSUs are divided into three equal performance tranches with performance vesting to occur if, for any 20 trading days out of 30 consecutive trading days beginning after the grant date, the per share VWAP is greater than the applicable VWAP hurdle. The VWAP hurdles for the first, second and third performance tranches are $12.50, $15.00 and $17.50, respectively.