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LEVI STRAUSS & CO — Director's Dealing 2024
Jan 25, 2024
30653_dirs_2024-01-25_7823e053-5d71-40e1-981a-4bbc597d9c8b.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: 2024-01-23
Reporting Person: Bergh Charles V (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-01-23 | Class A Common Stock | A | 160186 | $0.00 | Acquired | 2115711 | Direct |
| 2024-01-23 | Class A Common Stock | F | 76731 | $15.75 | Disposed | 2038980 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-01-24 | Stock Appreciation Rights | $6.9 | M | 503715 | Disposed | 2024-02-01 | Class B Common Stock (503715) | Direct |
| 2024-01-24 | Class B Common Stock | $ | M | 503715 | Acquired | Class A Common Stock (503715) | Direct | |
| 2024-01-24 | Class B Common Stock | $ | D | 220676 | Disposed | Class A Common Stock (220676) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 631500 | Indirect |
| Class A Common Stock | 658201 | Indirect |
| Class A Common Stock | 1057235 | Indirect |
| Class A Common Stock | 930000 | Indirect |
Footnotes
F1: On January 26, 2021, the reporting person was granted performance-based restricted stock units (PRSUs). Each PRSU represents a contingent right to receive shares of the Issuer's Class A common stock upon settlement 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 23, 2024, resulting in the issuance of 160,186 vested PRSUs.
F2: Shares withheld to cover tax obligation from settlement of vested PRSUs.
F3: 100% of these stock appreciation rights are fully vested.
F4: 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.
F5: Represents shares withheld by the company for exercise price upon exercise of a stock appreciation right.
F6: The shares are held in a family trust formed in 2019 of which Mr. Bergh is trustee.
F7: The shares are held in a family trust formed in 2022 of which Mr. Bergh is trustee.
F8: 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.
F9: The shares are held in a family trust formed in 2023 of which Mr. Bergh is trustee.