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LEVI STRAUSS & CO — Director's Dealing 2022
Jan 26, 2022
30653_dirs_2022-01-26_43a9f791-788e-4bea-a7ed-dd4712305302.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: 2022-01-24
Reporting Person: Ellison Seth M. (EVP & Chief Commercial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-01-24 | Class A Common Stock | A | 64176 | $0.00 | Acquired | 103508 | Direct |
| 2022-01-24 | Class A Common Stock | F | 27113 | $21.79 | Disposed | 76395 | Direct |
| 2022-01-25 | Class A Common Stock | A | 25000 | $0.00 | Acquired | 101395 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-01-25 | Stock Appreciation Rights | $21.00 | A | 61837 | Acquired | 2032-01-25 | Class A Common Stock (61837) | Direct |
Footnotes
F1: On January 30, 2019, the reporting person was granted performance-based restricted stock units (PSRUs). Each PRSU represents a contingent right to receive shares of the Issuer's Class B common stock upon settlement. 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. The PRSUs vest at the end of a three-year period following the grant on the date that the Board of Directors certifies attainment, based on the Issuer's satisfaction of certain performance criteria. The performance criteria were met on January 24, 2022, resulting in the issuance of 64,176 vested PRSUs. The shares were converted to Class A Common Stock upon issuance.
F2: Shares withheld to cover tax obligation from settlement of vested restricted stock units.
F3: The shares are represented by restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The RSUs vest in four equal installments of 25% on each of January 27, 2023, January 26, 2024, January 24, 2025, and January 30, 2026, subject to Participant's Continuous Service through each such vesting date.
F4: Vests in four equal installments of 25% on each of January 27, 2023, January 26, 2024, January 24, 2025, and January 30, 2026, subject to Participant's Continuous Service through each such vesting date.