Charles V Bergh - 27 Jan 2023 Form 4 Insider Report for LEVI STRAUSS & CO (LEVI)

Role
President and CEO, Director
Signature
/s/ Priscilla Duncan-Tannous, Attorney-in-Fact
Issuer symbol
LEVI
Transactions as of
27 Jan 2023
Net transactions value
-$709,082
Form type
4
Filing time
31 Jan 2023, 17:21:34 UTC
Previous filing
25 Jan 2023
Next filing
01 Feb 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 +161,607 +43% $0.000000 534,210 27 Jan 2023 Direct F1
transaction LEVI Class A Common Stock Tax liability $503,937 -28,327 -5.3% $17.79 505,883 27 Jan 2023 Direct F2
transaction LEVI Class A Common Stock Tax liability $205,119 -11,530 -2.3% $17.79 494,353 28 Jan 2023 Direct F2
holding LEVI Class A Common Stock 631,500 27 Jan 2023 See Footnote F3
holding LEVI Class A Common Stock 1,588,201 27 Jan 2023 See Footnote F4

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 Options Exercise $0 -565,795 -50% $0.000000 565,795 27 Jan 2023 Class B Common Stock 565,795 $6.10 Direct F5
transaction LEVI Class B Common Stock Options Exercise $3,451,350 +565,795 +64% $6.10 1,454,101 27 Jan 2023 Class A Common Stock 565,795 Direct F6
transaction LEVI Class B Common Stock Disposed to Issuer $3,451,375 -194,663 -13% $17.73 1,259,438 27 Jan 2023 Class A Common Stock 194,663 Direct F6, F7
transaction LEVI Stock Appreciation Rights Award $0 +406,073 $0.000000 406,073 27 Jan 2023 Class A Common Stock 406,073 $17.79 Direct F8
* 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 four equal installments of 25% on each of January 26, 2024, January 24, 2025, January 30, 2026, and January 29, 2027, subject to Participant's Continuous Service through each such vesting date.
F2 Shares withheld to cover tax obligation from settlement of vested RSUs.
F3 The shares are held in a family trust formed in 2019 of which Mr. Bergh is trustee.
F4 The shares are held in a family trust formed in 2022 of which Mr. Bergh is trustee.
F5 100% of these stock appreciation rights are fully vested.
F6 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.
F7 Represents shares withheld by the company for exercise price upon exercise of a stock appreciation right.
F8 Vests in four equal installments of 25% on each of January 26, 2024, January 24, 2025, January 30, 2026, and January 29, 2027, subject to Participant's Continuous Service through each such vesting date.