George K. Broady - Mar 15, 2021 Form 4 Insider Report for NATURAL HEALTH TRENDS CORP (NHTC)

Role
Director
Signature
/s/ Timothy S. Davidson by Power of Attorney
Stock symbol
NHTC
Transactions as of
Mar 15, 2021
Transactions value $
-$8,709
Form type
4
Date filed
12/27/2021, 11:28 AM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NHTC Common Stock Options Exercise +1.3K 1.3K Mar 15, 2021 Direct F1
transaction NHTC Common Stock Disposed to Issuer -$8.71K -1.3K -100% $6.72 0 Mar 15, 2021 Direct
holding NHTC Common Stock 690K Mar 15, 2021 See Footnote 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 NHTC Phantom Stock Award $0 +10.4K $0.00 10.4K Mar 15, 2021 Common Stock 10.4K Direct F1, F2
transaction NHTC Phantom Stock Options Exercise -1.3K -12.5% 9.07K Mar 15, 2021 Common Stock 1.3K Direct F1, F2
* 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 eight (8) equal three-month increments, subject to the satisfaction of both a time-based and a performance-based vesting condition. See the Company's Current Report on Form 8-K filed March 17, 2021. Because Mr. Broady ceased serving on the Company's Board of Directors as of May 11, 2021, he forfeited all 9,074 phantom shares that were unvested on that date.
F3 Securities held by the George K. Broady 2012 Irrevocable Trust, of which Mr. Broady is the trustee and a beneficiary.