Seth M. Ellison - Jan 24, 2022 Form 4 Insider Report for LEVI STRAUSS & CO (LEVI)

Role
EVP & Chief Commercial Officer
Signature
/s/ David Jedrzejek, Attorney-in-Fact
Stock symbol
LEVI
Transactions as of
Jan 24, 2022
Transactions value $
-$590,792
Form type
4
Date filed
1/26/2022, 07:00 PM
Previous filing
Dec 20, 2021
Next filing
Jan 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEVI Class A Common Stock Award $0 +64.2K +163.16% $0.00 104K Jan 24, 2022 Direct F1
transaction LEVI Class A Common Stock Tax liability -$591K -27.1K -26.19% $21.79 76.4K Jan 24, 2022 Direct F2
transaction LEVI Class A Common Stock Award $0 +25K +32.72% $0.00 101K Jan 25, 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 LEVI Stock Appreciation Rights Award $0 +61.8K $0.00 61.8K Jan 25, 2022 Class A Common Stock 61.8K $21.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 30, 2019, the reporting person was granted performance-based restricted stock units (PSRUs). Each PRSU represents a contingent right to receive shares of the Issuer's Class B common stock upon settlement. Each share of Class B Common Stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date. The PRSUs vest at the end of a three-year period following the grant on the date that the Board of Directors certifies attainment, based on the Issuer's satisfaction of certain performance criteria. The performance criteria were met on January 24, 2022, resulting in the issuance of 64,176 vested PRSUs. The shares were converted to Class A Common Stock upon issuance.
F2 Shares withheld to cover tax obligation from settlement of vested restricted stock units.
F3 The shares are represented by restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The RSUs vest in four equal installments of 25% on each of January 27, 2023, January 26, 2024, January 24, 2025, and January 30, 2026, subject to Participant's Continuous Service through each such vesting date.
F4 Vests in four equal installments of 25% on each of January 27, 2023, January 26, 2024, January 24, 2025, and January 30, 2026, subject to Participant's Continuous Service through each such vesting date.