Cooley Matthew 4
4 · Lifevantage Corp · Filed Aug 16, 2021
Insider Transaction Report
Form 4
Lifevantage CorpLFVN
Cooley Matthew
Chief Operating Officer
Transactions
- Award
Performance Restricted Stock Units
2021-08-12+19,405→ 19,405 total→ Common Stock (19,405 underlying) - Award
Common Stock
2021-08-12+19,405→ 49,405 total
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) 1/3 of the total number of units will vest on the first anniversary of the grant date and (ii) the remaining units will vest in equal installments as of the first day of each of the eight calendar quarters 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) 1/3 of the earned award will vest on the first anniversary of the grant date and (ii) the remainder of the earned award will vest in equal installments as of the first day of each of the eight calendar quarters thereafter.