BROADY GEORGE K 4
4 · NATURAL HEALTH TRENDS CORP · Filed Dec 27, 2021
Insider Transaction Report
Form 4
BROADY GEORGE K
Director
Transactions
- Exercise/Conversion
Common Stock
2021-03-15+1,296→ 1,296 total - Award
Phantom Stock
2021-03-15+10,370→ 10,370 total→ Common Stock (10,370 underlying) - Disposition to Issuer
Common Stock
2021-03-15$6.72/sh−1,296$8,709→ 0 total - Exercise/Conversion
Phantom Stock
2021-03-15−1,296→ 9,074 totalFrom: 2021-03-15Exp: 2021-03-15→ Common Stock (1,296 underlying)
Holdings
- 690,099(indirect: See Footnote)
Common Stock
Footnotes (3)
- [F1]Each phantom share entities the holder to receive a cash payment equal to the fair market value of one share of NHTC common stock on the applicable vesting date, subject to satisfaction of the applicable vesting conditions and a maximum payment value of $12.00 per phantom share.
- [F2]The phantom shares vest in eight (8) equal three-month increments, subject to the satisfaction of both a time-based and a performance-based vesting condition. See the Company's Current Report on Form 8-K filed March 17, 2021. Because Mr. Broady ceased serving on the Company's Board of Directors as of May 11, 2021, he forfeited all 9,074 phantom shares that were unvested on that date.
- [F3]Securities held by the George K. Broady 2012 Irrevocable Trust, of which Mr. Broady is the trustee and a beneficiary.