LEVI STRAUSS & CO — Director's Dealing 2022

Jan 26, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEVI STRAUSS & CO (LEVI)
CIK: 0000094845
Period of Report: 2022-01-24

Reporting Person: Bergh Charles V (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-24	Class A Common Stock	A	356731	$0.00	Acquired	1469777	Direct
2022-01-24	Class A Common Stock	F	170070	$21.79	Disposed	1299707	Direct
2022-01-25	Class A Common Stock	A	127976	$0.00	Acquired	1427683	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-25	Stock Appreciation Rights	$21.00	A	316548	Acquired	2032-01-25	Class A Common Stock (316548)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	1057235	Indirect
Class A Common Stock	720000	Indirect
Class A Common Stock	269000	Indirect

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 356,731 vested PRSUs.

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: The shares are held in an irrevocable trust to which Mr. Bergh is Investment Direction Adviser and of which Mr. Bergh's family members are beneficiaries.

F5: The shares are held in a family trust formed in 2020 of which Mr. Bergh is trustee.

F6: The shares are held in another family trust formed in 2019 of which Mr. Bergh is trustee.

F7: 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.