S. Gregory Clevenger - Sep 21, 2022 Form 4 Insider Report for LiveVox Holdings, Inc. (LVOX)

Role: EVP and CFO
Signature: Steven Gregory Clevenger
Stock symbol: LVOX
Transactions as of: Sep 21, 2022
Transactions value $: -$4,460
Form type: 4
Date filed: 9/23/2022, 04:30 PM
Previous filing: Jun 23, 2022
Next filing: Jan 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LVOX	Class A Common Stock	Tax liability	-$4.46K	-1.74K	-0.71%	$2.56	243K	Sep 21, 2022	Direct	F1, F2

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
holding	LVOX	Performance Share Units						161K	Sep 21, 2022	Class A Common Stock	161K		Direct	F3, F4, F5
holding	LVOX	Performance Share Units						80.6K	Sep 21, 2022	Class A Common Stock	80.6K		Direct	F3, F5, F6

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

Explanation of Responses:

Id	Content
F1	The reported securities represent shares withheld by the Company to cover taxes associated with the vesting and settlement of Restricted Stock Units ("RSUs").
F2	The reporting person previously reported awards of 241,875 Performance Share Units ("PSUs") in Table I. The total reported in Column 5 excludes these PSUs which are now reported in Table II. Following the reported transaction, the reporting person holds 36,484 shares of Class A Common Stock and 206,020 RSUs.
F3	Each PSU represents a contingent right to receive one share of Class A Common Stock of LiveVox Holdings, Inc.
F4	The PSUs are divided into two equal Performance Tranches, with the PSUs subject to each Performance Tranche vesting if, for any 20 out of 30 consecutive trading days beginning after August 18, 2021, 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.
F5	The PSUs were previously reported in Table I and are now reported in Table II.
F6	The PSUs are subject to both time-based and performance vesting. Twenty-five percent of the PSUs will vest on June 21, 2022 and the remaining shares will vest in twelve equal quarterly installments thereafter. 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 August 18, 2021, 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.