Eric A. Hanson - Apr 29, 2021 Form 4 Insider Report for Lifeway Foods, Inc. (LWAY)

Signature
/s/ Eric A. Hanson
Stock symbol
LWAY
Transactions as of
Apr 29, 2021
Transactions value $
-$42,932
Form type
4
Date filed
7/13/2022, 12:51 PM
Next filing
Sep 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LWAY Common Stock, no par value Tax liability $12.8K +2.52K +8.65% $5.10 31.6K Apr 29, 2021 Direct F1, F2
transaction LWAY Common Stock, no par value Award $0 +11.8K +37.47% $0.00 43.5K Apr 20, 2022 Direct F3
transaction LWAY Common Stock, no par value Tax liability -$41.9K -6.98K -16.05% $6.00 36.5K Apr 20, 2022 Direct F4
transaction LWAY Common Stock, no par value Award $0 +19K +51.96% $0.00 55.4K Apr 20, 2022 Direct F5
transaction LWAY Common Stock, no par value Tax liability -$13.9K -2.32K -4.18% $6.00 53.1K Apr 20, 2022 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 No stock was sold. In connection with the grant of 11,702 shares of restricted stock earned under the 2019 LTIP for the 2019 and 2020 performance periods, the Company withheld a total of 2,516 shares to satisfy a payroll tax liability incident to the issuance of vested shares.
F2 Adjusted to reflect a correction to an inadvertent overstatement of 4,077 shares of common stock in Reporting Person's grant and beneficial ownership on his previously filed Form 4.
F3 Represents a grant of restricted stock earned under the Company's 2019 Long Term Incentive Program (the "2019 LTIP) for the 2021 performance period and issued pursuant to the Company's 2015 Omnibus Incentive Plan. All issued shares of restricted stock earned in the 2021 performance period vest immediately upon issuance.
F4 No stock was sold. In connection with the issuance of 16,680 shares of stock vested under the 2019 LTIP, the Company withheld a total of 6,975 shares to satisfy a payroll tax liability incident to such issuance.
F5 Represents a time-based restricted stock award under the Company's 2021 equity incentive program pursuant to the Company's 2015 Omnibus Incentive Plan. Of such time-based restricted stock, 6,320 shares will be issued and vest immediately, and 6,319 will be issued on each of April 20, 2023 and April 20, 2024 and vest immediately upon issuance, contingent on the Reporting Person's continued service on the vesting date.
F6 No stock was sold. In connection with the grant of 18,958 shares of restricted stock under the Company's 2021 Long Term Incentive Program, the Company withheld a total of 2,319 shares to satisfy a payroll tax liability incident to the issuance of vested shares.