Joe E. Davis - May 18, 2021 Form 4 Insider Report for NATURAL ALTERNATIVES INTERNATIONAL INC (NAII)

Role
Director
Signature
/s/ Joe E. Davis By Kenneth E. Wolf Attorney in Fact
Stock symbol
NAII
Transactions as of
May 18, 2021
Transactions value $
-$10
Form type
4
Date filed
5/20/2021, 06:10 AM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NAII Common Stock Options Exercise $35.2K +10K +9.15% $3.52 119K May 18, 2021 Direct F1, F2
transaction NAII Common Stock Sale -$35.2K -2.41K -2.02% $14.61 117K May 18, 2021 Direct F1, F3

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 NAII Stock Option Options Exercise $0 -10K -100% $0.00* 0 May 18, 2021 Common Stock 10K $3.52 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the outside director's net exercise of an Option for 10,000 shares. A net exercise is a method of exercising a stock option in which the option holder pays the exercise price using shares the reporting person would have received pursuant to the option exercise. As a result of this net exercise, the Reporting Person surrendered 2,410 shares underlying the option and acquired ownership of an additional 7590 shares of common stock.
F2 The exercise price of the stock option.
F3 The shares were valued for determination of the exercise consideration at the closing price of the shares on Nasdaq on the day before exercise.