Laurence H. Siegel - Sep 21, 2022 Form 4 Insider Report for LiveVox Holdings, Inc. (LVOX)

Signature
S. Gregory Clevenger, by Power of Attorney, for Laurence H. Siegel
Stock symbol
LVOX
Transactions as of
Sep 21, 2022
Transactions value $
-$5,532
Form type
4
Date filed
9/23/2022, 04:32 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 -$5.53K -2.16K -0.63% $2.56 343K 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 100K Sep 21, 2022 Class A Common Stock 100K Direct F3, F4, F5
* 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 100,000 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 180,803 shares of Class A Common Stock and 162,139 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 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.
F5 The PSUs were previously reported in Table I and are now reported in Table II.