Amy M. Feldman - Apr 29, 2021 Form 4 Insider Report for Lifeway Foods, Inc. (LWAY)

Role: Sr. Exec VP of Sales
Signature: /s/ Amy Feldman
Stock symbol: LWAY
Transactions as of: Apr 29, 2021
Transactions value $: -$20,750
Form type: 4
Date filed: 7/13/2022, 02:33 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	$4.84K	+949	+5.29%	$5.10	18.9K	Apr 29, 2021	Direct	F1, F2
transaction	LWAY	Common Stock, no par value	Award	$0	+4.74K	+25.08%	$0.00	23.6K	Apr 20, 2022	Direct	F3
transaction	LWAY	Common Stock, no par value	Tax liability	-$16.1K	-2.69K	-11.37%	$6.00	20.9K	Apr 20, 2022	Direct	F4
transaction	LWAY	Common Stock, no par value	Award	$0	+12.5K	+59.69%	$0.00	33.4K	Apr 20, 2022	Direct	F5
transaction	LWAY	Common Stock, no par value	Tax liability	-$9.47K	-1.58K	-4.72%	$6.00	31.9K	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 4,680 shares of restricted stock earned under the 2019 LTIP for the 2019 and 2020 performance periods, the Company withheld a total of 949 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 1,631 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 7,078 shares of stock vested under the 2019 LTIP, the Company withheld a total of 2,687 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, 4,167 shares will be issued and vest immediately, 4,167 will vest on April 20, 2023 and 4,166 will vest on April 20, 2024, contingent on the Reporting Person's continued service on the vesting date.
F6	No stock was sold. In connection with the grant of 12,500 shares of restricted stock under the Company's 2021 Long Term Incentive Program, the Company withheld a total of 1,578 shares to satisfy a payroll tax liability incident to the issuance of vested shares.