Jensen Darren Jay 4
4 · Lifevantage Corp · Filed Apr 3, 2020
Insider Transaction Report
Form 4
Lifevantage CorpLFVN
Jensen Darren Jay
Chief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2020-04-01+4,726→ 502,758 total - Tax Payment
Common Stock
2020-04-01$10.25/sh−8,673$88,898→ 494,085 total - Exercise/Conversion
Performance Stock Units
2020-04-01−4,726→ 23,630 total→ Common Stock (4,726 underlying)
Footnotes (3)
- [F1]On January 8, 2019, the reporting person was granted PSUs which 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) 1/2 of the earned award vested 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. The reporting person initially reported the number of shares that were eligible to be earned at target-level performance achievement. The performance criteria were achieved at a level above target; accordingly, the reporting person is eligible to earn 162% of the target number of units. The actual number of shares that vested on the reported transaction date was 162% of the at-target number of shares subject to vesting on that date and the number of PSUs beneficially owned following the reported transaction has been updated to reflect 162% of the target number of units.
- [F2]Performance Stock Units ("PSUs") convert into common stock on a one-for-one basis.
- [F3]These shares were withheld to satisfy tax withholding obligations in connection with the vesting of two stock unit awards and one PSU award granted on January 8, 2019.