Joshua E. Prime - 24 Feb 2022 Form 4 Insider Report for LEVI STRAUSS & CO (LEVI)

Role: Director
Signature: /s/ David Jedrzejek, Attorney-in-Fact
Issuer symbol: LEVI
Transactions as of: 24 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 28 Feb 2022, 15:45:21 UTC
Previous filing: 18 Nov 2021
Next filing: 22 Apr 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LEVI	Class A Common Stock	Award	$0	+93	+0.37%	$0.000000	25,289	24 Feb 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Dividend equivalent rights (DER) which represent a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. With respect to 69 of the DERs, the DERs shall vest in a series of three (3) equal installments on the dates that are thirteen (13), twenty-four (24) and thirty-six (36) months following the date of grant. With respect to 24 of the DERs, the DERs shall vest as to 100% of the shares on the first anniversary of the date of grant.
F2	Settlement of DER in connection with restricted stock units (RSU). The rights accrued when and as dividends were paid on the Issuer's Class A Common Stock and became exercisable with respect to the RSU. Each DER is the economic equivalent of one share of the Issuer's Class A Common Stock.

Content

Dividend equivalent rights (DER) which represent a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. With respect to 69 of the DERs, the DERs shall vest in a series of three (3) equal installments on the dates that are thirteen (13), twenty-four (24) and thirty-six (36) months following the date of grant. With respect to 24 of the DERs, the DERs shall vest as to 100% of the shares on the first anniversary of the date of grant.

Settlement of DER in connection with restricted stock units (RSU). The rights accrued when and as dividends were paid on the Issuer's Class A Common Stock and became exercisable with respect to the RSU. Each DER is the economic equivalent of one share of the Issuer's Class A Common Stock.