4//SEC Filing
BATY JOSEPH W 4
Accession 0001263696-21-000017
CIK 0000275053other
Filed
Nov 4, 8:00 PM ET
Accepted
Nov 5, 6:08 PM ET
Size
9.8 KB
Accession
0001263696-21-000017
Insider Transaction Report
Form 4
BATY JOSEPH W
EVP & Chief Financial Officer
Transactions
- Tax Payment
Common Shares
2021-10-14$14.90/sh−1,768$26,343→ 146,508 total - Exercise/Conversion
Performance Units
2021-10-14$14.90/sh−4,481$66,767→ 22,409 totalExp: 2023-03-30→ Common Shares (4,481 underlying) - Exercise/Conversion
Common Shares
2021-10-14+4,481→ 148,276 total
Footnotes (3)
- [F1]These shares are vested shares resulting from the achievement of a share price milestone pursuant to a March 30, 2020 performance-based restricted stock unit grant (PRSU), comprising 4,259 shares granted to the reporting Person on March 30, 2020 and 222 shares granted to the reporting person in connection with a special dividend on April 12, 2021. The share price milestone of $12.20 was achieved on October 14, 2020 and, as a result, one-twelfth of the PRSU grant vested on such date and another one-twelfth vested on October 14, 2021, which was one-year following the achievement of such milestone.
- [F2]Represents shares of NATR common stock withheld to pay taxes upon vesting of performance-based restricted stock units, comprising 1,680 shares granted to the reporting Person on March 30, 2020 and 88 shares granted to the reporting person in connection with a special dividend on April 12, 2021. The number of shares withheld was determined on October 14, 2021, based on the closing price of NATR common stock on that date.
- [F3]These shares are in the form of performance-based restricted stock units (PRSUs). Each PRSU represents the right to receive one share of NATR common stock. The vesting of the PRSUs is contingent upon the achievement of the following share price milestones, which must be achieved within three years: $9.92; $12.20; $14.50; $16.78; $19.07; and $21.36. Such milestones must be achieved as evidenced by the Volume-weighted average price (VWAP) over a period of 30-trading days. One-twelfth of the PRSUs vest upon the achievement of each milestone and an additional one-twelfth vests on the date that is one-year following the achievement of such milestone subject to the recipient's continued employment.
Documents
Issuer
NATURES SUNSHINE PRODUCTS INC
CIK 0000275053
Entity typeother
Related Parties
1- filerCIK 0001263696
Filing Metadata
- Form type
- 4
- Filed
- Nov 4, 8:00 PM ET
- Accepted
- Nov 5, 6:08 PM ET
- Size
- 9.8 KB