4//SEC Filing
Lifevantage Corp 4
Accession 0000849146-16-000143
$LFVNCIK 0000849146operating
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 5:27 PM ET
Size
16.9 KB
Accession
0000849146-16-000143
Insider Transaction Report
Form 4
Lifevantage CorpLFVN
Urban Robert M.
Chief Operating Officer
Transactions
- Tax Payment
Common Stock
2015-12-31$9.52/sh−3,196$30,426→ 37,554 total - Exercise/Conversion
Common Stock
2015-12-31+7,466→ 40,750 total - Exercise/Conversion
Performance Stock Units
2015-12-31−7,466→ 0 totalExp: 2015-12-31→ Common Stock (7,466 underlying) - Award
Performance Stock Units
2016-01-04+15,333→ 15,333 totalExp: 2016-12-31→ Common Stock (15,333 underlying) - Award
Performance Stock Units
2016-01-04+15,334→ 15,334 totalExp: 2018-12-31→ Common Stock (15,334 underlying)
Footnotes (5)
- [F1]Each Performance Stock Unit represented a contingent right for the reporting person to receive a distribution of common shares of the issuer equal to 0% to 200% of a target number of Performance Stock Units equal to 66,667. The actual number of shares distributed has been determined based on the issuer's total stockholder return (TSR) performance during the performance period of 1/1/2015 through 12/31/2015 (the "Completed Performance Period"). The vesting for 50% of the target Performance Stock Units was determined based upon the issuer's absolute TSR for the Completed Performance Period as compared to a matrix of fixed numeric values and the vesting for the other 50% of the target Performance Stock Units was determined based upon a relative comparison of the issuer's TSR to the Vanguard Russell 2000 exchange traded fund TSR for the Completed Performance Period.
- [F2]These shares were withheld to satisfy tax withholding obligations in connection with the vesting of Performance Stock Units described in Footnote (1).
- [F3]Subject generally to the reporting person's continued service with the issuer, each Performance Stock Unit represents a contingent right for the reporting person to receive, within thirty days after the end of the Performance Period, a distribution of common shares of the issuer equal to 0% to 200% of the reported target number of Performance Stock Units. The actual number of shares distributed will be based on the issuer's total stockholder return (TSR) performance during the performance period of 1/1/2016 through the earlier of 12/31/2016 or a change in control of the issuer ("Performance Period"). The vesting for 50% of the target Performance Stock Units is based upon the issuer's absolute TSR for the Performance Period as compared to a matrix of fixed numeric values and the vesting for the other 50% of the target Performance Stock Units is based upon a relative comparison of the issuer's TSR to the Vanguard Russell 2000 exchange traded fund TSR for the Performance Period.
- [F4]The vesting and distribution conditions for the reported target Performance Stock Units are the same as described under footnote (1), except that the Performance Period is 1/1/2017 through the earlier of 12/31/2017 or a change in control of the issuer.
- [F5]The vesting and distribution conditions for the reported target Performance Stock Units are the same as described under footnote (1), except that the Performance Period is 1/1/2018 through the earlier of 12/31/2018 or a change in control of the issuer.
Documents
Issuer
Lifevantage Corp
CIK 0000849146
Entity typeoperating
Related Parties
1- filerCIK 0000849146
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 5:27 PM ET
- Size
- 16.9 KB