Elizabeth T. O'Neill - 14 Nov 2023 Form 4 Insider Report for LEVI STRAUSS & CO (LEVI)

Role
EVP & Chief Operations Officer
Signature
/s/ Priscilla Duncan-Tannous, Attorney-in-Fact
Issuer symbol
LEVI
Transactions as of
14 Nov 2023
Net transactions value
-$512,639
Form type
4
Filing time
16 Nov 2023, 16:45:05 UTC
Previous filing
01 Feb 2023
Next filing
27 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEVI Class A Common Stock Conversion of derivative security $0 +17,106 +18% $0.000000 114,305 14 Nov 2023 Direct F1, F2
transaction LEVI Class A Common Stock Sale $256,556 -17,106 -15% $15.00 97,199 14 Nov 2023 Direct F1, F3

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 LEVI Stock Appreciation Rights Options Exercise $0 -63,293 -100% $0.000000* 0 14 Nov 2023 Class B Common Stock 63,293 $6.90 Direct F1, F4, F5
transaction LEVI Class B Common Stock Options Exercise $436,722 +63,293 +2293% $6.90 66,053 14 Nov 2023 Class A Common Stock 63,293 Direct F1, F5
transaction LEVI Class B Common Stock Disposed to Issuer $692,805 -46,187 -70% $15.00 19,866 14 Nov 2023 Class A Common Stock 46,187 Direct F1, F5, F6
transaction LEVI Class B Common Stock Conversion of derivative security $0 -17,106 -86% $0.000000 2,760 14 Nov 2023 Class A Common Stock 17,106 Direct F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Transaction pursuant to a previously established Rule 10b5-1 Plan.
F2 Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.
F3 The price in Column 4 is a weighted average sale price. The prices actually received ranged from $14.99 to $15.01. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F4 100% of these stock appreciation rights are fully vested.
F5 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
F6 Represents shares withheld by the company for exercise price and taxes upon exercise of a stock appreciation right.