Goodwin Ryan 4
4 · Lifevantage Corp · Filed Dec 9, 2019
Insider Transaction Report
Form 4
Lifevantage CorpLFVN
Goodwin Ryan
Chief Marketing Officer
Transactions
- Award
Common Stock
2019-12-05+4,378→ 95,478 total - Award
Performance Restricted Stock Units
2019-12-05+4,378→ 4,378 total→ Common Stock (4,378 underlying)
Footnotes (3)
- [F1]This reflects a stock unit award, in which each stock unit represents a right to receive one share of issuer common stock, which award will vest, subject to the reporting person's continued service with the issuer, as follows: (i) 5/12ths of the total number of units will vest on the first anniversary of the grant date and (ii) an additional 1/12 of the total number of units will vest as of the first day of each calendar quarter thereafter.
- [F2]Each PRSU represents a right to receive one share of issuer common stock, with the total number of units reflecting the number that are eligible to be earned at target-level performance achievement. Upon achievement of the maximum level of the applicable performance criteria, the reporting person may become eligible to earn 200% of the target number of units.
- [F3]The PRSUs will vest only to the extent the specified financial performance criteria are achieved and subject to the reporting person's continued service with the issuer, as follows: (i) 5/12ths of the earned award will vest on the first anniversary of the grant date and (ii) an additional 1/12 of the earned award will vest as of the first day of each calendar quarter thereafter.