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LEVI STRAUSS & CO — Director's Dealing 2022
Nov 23, 2022
30653_dirs_2022-11-23_32b69fe0-aecc-4503-9e2e-02088a8829a6.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LEVI STRAUSS & CO (LEVI)
CIK: 0000094845
Period of Report: 2022-11-21
Reporting Person: Ellison Seth M. (EVP & Chief Commercial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-11-21 | Class A Common Stock | C | 2829 | $0.00 | Acquired | 92775 | Direct |
| 2022-11-21 | Class A Common Stock | S | 2735 | $15.61 | Disposed | 90040 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-11-21 | Stock Appreciation Rights | $6.90 | M | 3754 | Disposed | 2024-02-01 | Class B Common Stock (3754) | Direct |
| 2022-11-21 | Class B Common Stock | $ | M | 3754 | Acquired | Class A Common Stock (3754) | Direct | |
| 2022-11-21 | Class B Common Stock | $ | D | 2767 | Disposed | Class A Common Stock (3222) | Direct | |
| 2022-11-21 | Stock Appreciation Rights | $6.10 | M | 6415 | Disposed | 2023-02-09 | Class B Common Stock (6415) | Direct |
| 2022-11-21 | Class B Common Stock | $ | M | 6415 | Acquired | Class A Common Stock (6415) | Direct | |
| 2022-11-21 | Class B Common Stock | $ | D | 4573 | Disposed | Class A Common Stock (4573) | Direct | |
| 2022-11-21 | Class B Common Stock | $ | C | 2829 | Disposed | Class A Common Stock (2829) | Direct |
Footnotes
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 $15.58 to $15.631. 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 taxes upon exercise of a stock appreciation right.
F7: The stock appreciation rights are performance stock appreciation rights that vested on January 30, 2019 based upon the achievement of certain financial targets and total stockholder return, each over a three-year period, as determined by the Issuer's board of directors, and are immediately exercisable.