Ellison Seth M. 4
4 · LEVI STRAUSS & CO · Filed Nov 23, 2022
Insider Transaction Report
Form 4
Ellison Seth M.
EVP & President, Europe
Transactions
- Conversion
Class A Common Stock
2022-11-21+2,829→ 92,775 total - Disposition to Issuer
Class B Common Stock
2022-11-21$15.66/sh−4,573$71,613→ 2,829 total→ Class A Common Stock (4,573 underlying) - Sale
Class A Common Stock
2022-11-21$15.61/sh−2,735$42,693→ 90,040 total - Exercise/Conversion
Stock Appreciation Rights
2022-11-21−3,754→ 0 totalExercise: $6.90Exp: 2024-02-01→ Class B Common Stock (3,754 underlying) - Exercise/Conversion
Class B Common Stock
2022-11-21$6.90/sh+3,754$25,903→ 3,754 total→ Class A Common Stock (3,754 underlying) - Disposition to Issuer
Class B Common Stock
2022-11-21$15.66/sh−2,767$43,331→ 987 total→ Class A Common Stock (3,222 underlying) - Exercise/Conversion
Stock Appreciation Rights
2022-11-21−6,415→ 0 totalExercise: $6.10Exp: 2023-02-09→ Class B Common Stock (6,415 underlying) - Exercise/Conversion
Class B Common Stock
2022-11-21$6.10/sh+6,415$39,132→ 7,402 total→ Class A Common Stock (6,415 underlying) - Conversion
Class B Common Stock
2022-11-21−2,829→ 0 total→ Class A Common Stock (2,829 underlying)
Footnotes (7)
- [F1]Transaction pursuant to a previously established Rule 10b5-1 Plan.
- [F2]Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.
- [F3]The price in Column 4 is a weighted average sale price. The prices actually received ranged from $15.58 to $15.631. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
- [F4]100% of these stock appreciation rights are fully vested.
- [F5]Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
- [F6]Represents shares withheld by the company for taxes upon exercise of a stock appreciation right.
- [F7]The stock appreciation rights are performance stock appreciation rights that vested on January 30, 2019 based upon the achievement of certain financial targets and total stockholder return, each over a three-year period, as determined by the Issuer's board of directors, and are immediately exercisable.