Brunde E. Broady - 14 May 2021 Form 4 Insider Report for NATURAL HEALTH TRENDS CORP (NHTC)

Role
Director
Signature
/s/ Timothy S. Davidson by Power of Attorney
Issuer symbol
NHTC
Transactions as of
14 May 2021
Net transactions value
-$27,203
Form type
4
Filing time
27 Dec 2021, 11:23:14 UTC
Previous filing
18 May 2021
Next filing
16 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NHTC Common Stock Options Exercise +1,296 1,296 15 Jun 2021 Direct F1
transaction NHTC Common Stock Disposed to Issuer $9,539 -1,296 -100% $7.36 0 15 Jun 2021 Direct
transaction NHTC Common Stock Options Exercise +1,296 1,296 15 Sep 2021 Direct F1
transaction NHTC Common Stock Disposed to Issuer $9,046 -1,296 -100% $6.98 0 15 Sep 2021 Direct
transaction NHTC Common Stock Options Exercise +1,296 1,296 15 Dec 2021 Direct F1
transaction NHTC Common Stock Disposed to Issuer $8,618 -1,296 -100% $6.65 0 15 Dec 2021 Direct
holding NHTC Common Stock 0 14 May 2021 See Footnotes F3, 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 NHTC Phantom Stock Award $0 +9,074 $0.000000 9,074 14 May 2021 Common Stock 9,074 Direct F1, F2
transaction NHTC Phantom Stock Options Exercise -1,296 -14% 7,778 15 Jun 2021 Common Stock 1,296 Direct F1
transaction NHTC Phantom Stock Options Exercise -1,296 -17% 6,482 15 Sep 2021 Common Stock 1,296 Direct F1
transaction NHTC Phantom Stock Options Exercise -1,296 -20% 5,186 15 Dec 2021 Common Stock 1,296 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom share entities the holder to receive a cash payment equal to the fair market value of one share of NHTC common stock on the applicable vesting date, subject to satisfaction of the applicable vesting conditions and a maximum payment value of $12.00 per phantom share.
F2 The phantom shares vest in seven (7) equal three-month increments, subject to the satisfaction of both a time-based and a performance-based vesting condition.
F3 Ms. Broady is co-trustee of the Eleanor Jane Broady 2012 Irrevocable Trust (the "EJB Trust") along with four other co-trustees, and the co-trustees must act jointly through a majority in order to take action under the terms of the EJB Trust, including the exercise of voting or investment powers with respect to the 2,245,128 shares of common stock of Natural Health Trends Corp. (the "Company") held by the EJB Trust. Ms. Broady expressly disclaims beneficial ownership of any shares of the Company's common stock held by the EJB Trust, within the meaning of Rule 13d-3 under the Securities Act of 1934.
F4 Ms. Broady, along with four other individuals is currently named a successor co-trustee of the George K. Broady 2012 Irrevocable Trust (the "GKB Trust"), and that in the event such successor co-trustees commencing serving as co-trustees, they must act jointly through a majority in order to take action under the terms of the GKB Trust, including the exercise of voting or investment powers with respect to the 690,099 shares of the Company's common stock held by the GKB Trust. Ms. Broady expressly disclaims beneficial ownership of any shares of the Company's common stock held by the GKB Trust, within the meaning of Rule 13d-3 under the Securities Act of 1934.