Michelle Gass - 02 Jan 2023 Form 4 Insider Report for LEVI STRAUSS & CO (LEVI)

Role
President, Director
Signature
/s/ Priscilla Duncan-Tannous, Attorney-in-Fact
Issuer symbol
LEVI
Transactions as of
02 Jan 2023
Net transactions value
$0
Form type
4
Filing time
04 Jan 2023, 19:50:35 UTC
Previous filing
04 Oct 2022
Next filing
31 Jan 2023
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 +521,907 $0.000000 521,907 02 Jan 2023 Direct F1

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 +1,296,000 $0.000000 1,296,000 02 Jan 2023 Class A Common Stock 1,296,000 $15.52 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 two equal installments of 50% on each of July 3, 2023 and January 2, 2024, subject to Participant's Continuous Service through each such vesting date.
F2 Vests as to 50% on January 2, 2024, 25% on January 2, 2025 and 25% on January 2, 2026, subject to Participant's Continuous Service through each such vesting date.