Terrence O Moorehead - 25 Jan 2022 Form 4 Insider Report for NATURES SUNSHINE PRODUCTS INC (NATR)

Signature
/s/ Nathan G. Brower as attorney-in-fact for Terrence Moorehead
Issuer symbol
NATR
Transactions as of
25 Jan 2022
Net transactions value
-$290,296
Form type
4
Filing time
27 Jan 2022, 17:57:54 UTC
Previous filing
19 Jan 2022
Next filing
04 Mar 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NATR Common Shares Options Exercise +13,077 +3.6% 372,533 25 Jan 2022 Direct F1
transaction NATR Common Shares Tax liability $56,741 -3,177 -0.85% $17.86 369,356 25 Jan 2022 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 $233,555 -13,077 -33% $17.86 26,154 25 Jan 2022 Common Shares 13,077 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 $14.48 was achieved on January 25, 2021 and, as a result, one-twelfth of the PRSU grant vested on such date and another one-twelfth vested on January 25, 2022, which was one-year following the achievement of such milestone.
F2 Represents shares of NATR common stock withheld to pay taxes upon vesting of restricted stock units, comprising 3,019 shares granted to the reporting Person on September 14, 2018 and 158 shares granted to the reporting person in connection with a special dividend on April 12, 2021. The number of shares withheld was determined on January 25, 2022, 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 connection with achievement of the six following stock price milestones: $11.77; $14.48; $17.20; $19.91; $22.63; and $25.34. One-twelfth of the PRSU grant vests upon the achievement of each milestone and an additional one-twelfth vests on the date that is one-year following the achievement of such milestone subject to the recipient's continued employment.