Daniel C. Norman - Apr 6, 2022 Form 4 Insider Report for NATURES SUNSHINE PRODUCTS INC (NATR)

Role
EVP & President, Asia
Signature
/s/ Nathan G. Brower as attorney-in-fact for Daniel C. Norman
Stock symbol
NATR
Transactions as of
Apr 6, 2022
Transactions value $
-$11,102
Form type
4
Date filed
4/8/2022, 12:14 PM
Previous filing
Apr 1, 2022
Next filing
Jun 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NATR Common Shares Options Exercise +2.72K +4.5% 63K Apr 6, 2022 Direct F1
transaction NATR Common Shares Tax liability -$11.1K -662 -1.05% $16.77 62.4K Apr 6, 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 $0 -2.72K -33.33% $0.00 5.43K Apr 6, 2022 Common Shares 2.72K 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 March 30, 2020 performance-based restricted stock unit grant (PRSU), comprising 2,581 shares granted to the reporting Person on March 30, 2020 and 135 shares granted to the reporting person in connection with a special dividend on April 12, 2021. The share price milestone of $19.07 was achieved on April 6, 2021 and, as a result, one-twelfth of the PRSU grant vested on such date and another one-twelfth vested on April 6, 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 performance-based restricted stock units, comprising 629 shares granted to the reporting Person on March 30, 2020 and 33 shares granted to the reporting person in connection with a special dividend on April 12, 2021. The number of shares withheld was determined on April 6, 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 the achievement of the following share price milestones, which must be achieved within three years: $9.92; $12.20; $14.50; $16.78; $19.07; and $21.36. Such milestones must be achieved as evidenced by the Volume-weighted average price (VWAP) over a period of 30-trading days. One-twelfth of the PRSUs vest 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.