Steven R. Fife - Jul 1, 2021 Form 4 Insider Report for Lifevantage Corp (LFVN)

Role: President CEO and CFO
Signature: /s/ Steven R. Fife
Stock symbol: LFVN
Transactions as of: Jul 1, 2021
Transactions value $: -$22,684
Form type: 4
Date filed: 7/6/2021, 04:06 PM
Next filing: Aug 16, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LFVN	Common Stock	Options Exercise	$0	+1.96K	+1.27%	$0.00	157K	Jul 1, 2021	Direct	F1, F2
transaction	LFVN	Common Stock	Options Exercise	$0	+809	+0.52%	$0.00	157K	Jul 1, 2021	Direct	F2, F3
transaction	LFVN	Common Stock	Options Exercise	$0	+659	+0.42%	$0.00	158K	Jul 1, 2021	Direct	F2, F4
transaction	LFVN	Common Stock	Tax liability	-$22.7K	-2.4K	-1.52%	$9.44	156K	Jul 1, 2021	Direct	F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LFVN	Performance Stock Units	Options Exercise	$0	-1.96K	-100%	$0.00^*	0	Jul 1, 2021	Common Stock	1.96K		Direct	F1, F2
transaction	LFVN	Performance Stock Units	Options Exercise	$0	-809	-100%	$0.00^*	0	Jul 1, 2021	Common Stock	809		Direct	F2, F3
transaction	LFVN	Performance Stock Units	Options Exercise	$0	-659	-20.01%	$0.00	2.64K	Jul 1, 2021	Common Stock	659		Direct	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On November 15, 2018 the reporting person was granted PSUs which 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) 5/12 of the earned award vested on the first anniversary of the grant date and (ii) an additional 1/12 of the earned award will vest on the first day of each calendar quarter thereafter. The reporting person initially reported the number of shares that were eligible to be earned at target-level performance achievement. The performance criteria were achieved at a level above target; accordingly, the reporting person is eligible to earn 162% of the target number of units. The actual number of shares that vested on the reported transaction date was 162% of the at-target number of shares subject to vesting on that date and the number of PSUs beneficially owned following the reported transaction has been updated to reflect 162% of the target number of units.
F2	Performance Stock Units ("PSUs") convert into common stock on a one-for-one basis.
F3	On February 1, 2019 the reporting person was granted PSUs which 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) 1/2 of the earned award vested on the first anniversary of the grant date and (ii) an additional 1/12 of the earned award will vest on the first day of each calendar quarter thereafter. The reporting person initially reported the number of shares that were eligible to be earned at target-level performance achievement. The performance criteria were achieved at a level above target; accordingly, the reporting person is eligible to earn 162% of the target number of units. The actual number of shares that vested on the reported transaction date was 162% of the at-target number of shares subject to vesting on that date and the number of PSUs beneficially owned following the reported transaction has been updated to reflect 162% of the target number of units.
F4	On December 5, 2019 the reporting person was granted PSUs which vest only to the extent specified financial performance criteria are achieved and subject to the reporting person's continued service with the issuer, as follows: (i) 5/12 of the earned award vested on the first anniversary of the grant date and (ii) an additional 1/12 of the earned award will vest on the first day of each calendar quarter thereafter. The reporting person initially reported the number of shares that were eligible to be earned at target-level performance achievement. The performance criteria were achieved at a level below target; accordingly, the reporting person is eligible to earn 50.99% of the target number of units. The actual number of shares that vested on the reported transaction date was 50.99% of the at-target number of shares subject to vesting on that date and the number of PSUs beneficially owned following the reported transaction has been updated to reflect 50.99% of the target number of units.
F5	These shares were withheld to satisfy tax withholding obligations in connection with the vesting of PSU awards and stock unit awards granted to the reporting person on November 15, 2018, February 1, 2019, and December 5, 2019.