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LEVI STRAUSS & CO — Director's Dealing 2023
Jan 31, 2023
30653_dirs_2023-01-31_fdfac69b-9b73-4197-a4c5-3ffe6fb72a0b.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: 2023-01-27
Reporting Person: Bergh Charles V (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-01-27 | Class A Common Stock | A | 161607 | $0.00 | Acquired | 534210 | Direct |
| 2023-01-27 | Class A Common Stock | F | 28327 | $17.79 | Disposed | 505883 | Direct |
| 2023-01-28 | Class A Common Stock | F | 11530 | $17.79 | Disposed | 494353 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-01-27 | Stock Appreciation Rights | $6.10 | M | 565795 | Disposed | 2023-02-09 | Class B Common Stock (565795) | Direct |
| 2023-01-27 | Class B Common Stock | $ | M | 565795 | Acquired | Class A Common Stock (565795) | Direct | |
| 2023-01-27 | Class B Common Stock | $ | D | 194663 | Disposed | Class A Common Stock (194663) | Direct | |
| 2023-01-27 | Stock Appreciation Rights | $17.79 | A | 406073 | Acquired | 2033-01-26 | Class A Common Stock (406073) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 631500 | Indirect |
| Class A Common Stock | 1588201 | Indirect |
Footnotes
F1: 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 26, 2024, January 24, 2025, January 30, 2026, and January 29, 2027, subject to Participant's Continuous Service through each such vesting date.
F2: Shares withheld to cover tax obligation from settlement of vested RSUs.
F3: The shares are held in a family trust formed in 2019 of which Mr. Bergh is trustee.
F4: The shares are held in a family trust formed in 2022 of which Mr. Bergh is trustee.
F5: 100% of these stock appreciation rights are fully vested.
F6: 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.
F7: Represents shares withheld by the company for exercise price upon exercise of a stock appreciation right.
F8: Vests in four equal installments of 25% on each of January 26, 2024, January 24, 2025, January 30, 2026, and January 29, 2027, subject to Participant's Continuous Service through each such vesting date.