CLEVENGER S GREGORY 4
4 · LiveVox Holdings, Inc. · Filed Aug 20, 2021
Insider Transaction Report
Form 4
CLEVENGER S GREGORY
EVP and CFO
Transactions
- Award
Common Stock
2021-08-18+80,625→ 90,625 total - Award
Common Stock
2021-08-18+80,625→ 332,500 total - Award
Common Stock
2021-08-18+161,250→ 251,875 total
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") and performance stock unit ("PSU") represents a contingent right to receive one share of Common Stock of LiveVox Holdings, Inc.
- [F2]The reported securities are RSUs subject to service vesting, 25% at 6/21/22 and 6.25% quarterly thereafter, with full vesting by 6/21/25.
- [F3]The reported securities are PSUs divided into two equal Performance Tranches, with the PSUs subject to each Performance Tranche vesting if, for any 20 trading days out of 30 consecutive trading days beginning after the grant date, the per share volume-weighted average price (the "VWAP") over such period is greater than the applicable VWAP hurdle. The VWAP hurdles are $15.00 and $17.50, respectively.
- [F4]The reported securities are PSUs that are subject to both service and performance vesting. The PSUs will service vest 25% at 6/21/22 and 6.25% quarterly thereafter, with full vesting by 6/21/25. In addition, the PSUs are divided into three equal performance tranches with performance vesting to occur if, for any 20 trading days out of 30 consecutive trading days beginning after the grant date, the per share VWAP is greater than the applicable VWAP hurdle. The VWAP hurdles for the first, second and third performance tranches are $12.50, $15.00 and $17.50, respectively.