4//SEC Filing
Wach Charles J. 4
Accession 0000849146-21-000006
CIK 0000849146other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 4:20 PM ET
Size
14.2 KB
Accession
0000849146-21-000006
Insider Transaction Report
Form 4
Lifevantage CorpLFVN
Wach Charles J.
Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock
2021-01-01+179→ 36,803 total - Exercise/Conversion
Performance Stock Units
2021-01-01−179→ 1,074 total→ Common Stock (179 underlying) - Exercise/Conversion
Common Stock
2021-01-01+983→ 36,624 total - Tax Payment
Common Stock
2021-01-01$9.32/sh−1,118$10,420→ 35,685 total - Exercise/Conversion
Performance Stock Units
2021-01-01−983→ 1,962 total→ Common Stock (983 underlying)
Footnotes (4)
- [F1]On November 15, 2018 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) 5/12 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 on 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]On December 5, 2019 the reporting person was granted PSUs which vest only to the extent specified financial performance criteria are achieved and subject to the reporting person's continued service with the issuer, as follows: (i) 5/12 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 on 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 below target; accordingly, the reporting person is eligible to earn 50.99% of the target number of units. The actual number of shares that vested on the reported transaction date was 50.99% 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 50.99% of the target number of units.
- [F4]These shares were withheld to satisfy tax withholding obligations in connection with the vesting of PSU awards and stock unit awards granted to the reporting person on November 15, 2018 and December 5, 2019.
Documents
Issuer
Lifevantage Corp
CIK 0000849146
Entity typeother
Related Parties
1- filerCIK 0001701034
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 4:20 PM ET
- Size
- 14.2 KB