Joseph W. Baty - Aug 20, 2021 Form 4 Insider Report for NATURES SUNSHINE PRODUCTS INC (NATR)

Role
EVP & Chief Financial Officer
Signature
Joseph W. Baty
Stock symbol
NATR
Transactions as of
Aug 20, 2021
Transactions value $
-$30,109
Form type
4
Date filed
8/23/2021, 01:22 PM
Previous filing
Jul 20, 2021
Next filing
Nov 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NATR Common Shares Options Exercise +4.48K +3.18% 146K Aug 20, 2021 Direct F1
transaction NATR Common Shares Tax liability -$30.1K -1.77K -1.21% $17.03 144K Aug 20, 2021 Direct 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
transaction NATR Performance Units Options Exercise $0 -4.48K -14.28% $0.00 26.9K Aug 20, 2021 Common Shares 4.48K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares vested one-year after the share price milestone of $9.92 was achieved, which was achieved on August 20, 2020. One-twelfth of the PRSU grant vested upon the achievement of the milestone and one-twelfth vests on the date that is one-year following the achievement of such milestone subject to the recipient's continued employment. The number of shares underlying such awards were adjusted pursuant to the terms of the original grant as a result of a special cash dividend paid by the Company on April 12, 2021 with 222 shares being added to the original grant.
F2 Represents shares of NATR common stock withheld to pay taxes upon vesting of performance-based restricted stock units, comprising 1680 shares granted to the reporting person on March 30, 2020 and 88 shares granted to the reporting person in connection with a special dividend on April 12, 2021. The number of shares withheld was determined on August 20, 2021, based on the closing price of NATR common stock on that date.
F3 These shares are in the form of performance-based restricted stock units (PRSUs). Each PRSU represents the right to receive one share of NATR common stock. The vesting of the PRSUs is contingent upon six growth rate milestones related to NATR's closing stock price that may be attained within a three-year performance period ending March 30, 2023. Remaining PRSUs vest in connection with achievement of the following stock price milestones: $20.36, as adjusted for a special dividend.