Terrence Moorehead - Oct 6, 2021 Form 4 Insider Report for NATURES SUNSHINE PRODUCTS INC (NATR)

Role
CEO, Director
Signature
/s/ Nathan G. Brower as attorney-in-fact for Terrence Moorehead
Stock symbol
NATR
Transactions as of
Oct 6, 2021
Transactions value $
-$268,257
Form type
4
Date filed
10/8/2021, 02:49 PM
Previous filing
Sep 16, 2021
Next filing
Nov 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NATR Common Shares Options Exercise +13.1K +3.86% 352K Oct 6, 2021 Direct F1
transaction NATR Common Shares Tax liability -$75.8K -5.15K -1.46% $14.72 346K Oct 6, 2021 Direct F2

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 NATR Performance Units Options Exercise -$192K -13.1K -25% $14.72 39.2K Oct 6, 2021 Common Shares 13.1K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are vested shares resulting from the achievement of a share price milestone pursuant to a September 14, 2018 performance-based restricted stock unit grant (PRSU), comprising 12,431 shares granted to the reporting Person on September 14, 2018 and 646 shares granted to the reporting person in connection with a special dividend on April 12, 2021. The share price milestone of $11.77 was achieved on October 6, 2020 and, as a result, one-twelfth of the PRSU grant vested on such date and another one-twelfth vested on October 6, 2021, which was one-year following the achievement of such milestone.
F2 Represents shares of NATR common stock withheld to pay taxes upon vesting of performance-based restricted stock units, comprising 4,892 shares granted to the reporting Person on September 14, 2018 and 255 shares granted to the reporting person in connection with a special dividend on April 12, 2021. The number of shares withheld was determined on October 6, 2021, based on the closing price of NATR common stock on that date.
F3 These shares are in the form of performance-based restricted stock units (PRSUs). Each PRSU represents the right to receive one share of NATR common stock. The vesting of the PRSUs is contingent upon six growth rate milestones related to NATR's closing stock price that may be attained within a three-year performance period ending September 14, 2021. PRSUs vest in six equal installments in connection with achievement of the six following stock price milestones: $11.77; $14.48; $17.20; $19.91; $22.63; and $25.34.