Steven R. Fife - Nov 6, 2023 Form 4 Insider Report for Lifevantage Corp (LFVN)

Role
President and CEO, Director
Signature
Alissa Neufeld, Power of Attorney for Steven R. Fife
Stock symbol
LFVN
Transactions as of
Nov 6, 2023
Transactions value $
$0
Form type
4
Date filed
11/8/2023, 08:25 PM
Previous filing
Oct 3, 2023
Next filing
Nov 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LFVN Common Stock Disposed to Issuer $0 -199K -36.37% $0.00 349K Nov 6, 2023 Direct F1
transaction LFVN Common Stock Award $0 +38.3K +10.99% $0.00 387K Nov 6, 2023 Direct F2, F3
transaction LFVN Common Stock Award $0 +9.72K +2.51% $0.00 397K Nov 6, 2023 Direct F4, F5
transaction LFVN Common Stock Award $0 +68K +17.15% $0.00 465K Nov 6, 2023 Direct F4, F6
transaction LFVN Common Stock Award $0 +9.7K +2.09% $0.00 474K Nov 6, 2023 Direct F2, F7
transaction LFVN Common Stock Award $0 +151K +31.88% $0.00 625K Nov 6, 2023 Direct F8, F9

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 Disposed to Issuer $0 -68K -57.14% $0.00 51K Nov 6, 2023 Common Stock 68K Direct F10, F11, F12
transaction LFVN Performance Stock Units Disposed to Issuer $0 -9.7K -25% $0.00 29.1K Nov 6, 2023 Common Stock 9.7K Direct F10, F13, F14
holding LFVN Performance Stock Units 151K Nov 6, 2023 Common Stock 151K Direct F10, F15, F16, F17
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This amount reflects the aggregate number of stock units cancelled in exchange for the grant of shares of restricted stock as described in footnotes 3, 5, and 9 of this Form 4.
F2 These shares of restricted stock were acquired pursuant to a restricted stock award, which award shall vest, subject to the reporting person's continued service with the Issuer, as follows: (i) 1/3 of the total shares shall vest on each of January 1, 2025, April 1, 2025, and July 1, 2025.
F3 These shares of restricted stock were granted in exchange for the cancellation of 38,311 stock units, which were granted to the reporting person on August 18, 2022, as reported in the Form 4 filed by the reporting person on August 22, 2022.
F4 These shares of restricted stock were acquired pursuant to a restricted stock award, which award shall vest, subject to the reporting person's continued service with the Issuer, as follows: (i) 1/4 of the total shares shall vest on each of November 6, 2024 , January 1, 2025, April 1, 2025, and July 1, 2025.
F5 These shares of restricted stock were granted in exchange for the cancellation of 9,715 stock units, which were granted to the reporting person on November 10, 2022, as reported in the Form 4 filed by the reporting person on November 15, 2022.
F6 These shares of restricted stock were granted in exchange for the cancellation of 68,006 performance restricted stock units ("PSUs") granted to the reporting person on August 18, 2022, as reported in the Form 4 filed by the reporting person on August 22, 2022.
F7 These shares of restricted stock were granted in exchange for the cancellation of 9,700 PSUs granted to the reporting person on November 10, 2022, as reported in the Form 4 filed by the reporting person on November 15, 2022.
F8 These shares of restricted stock were acquired pursuant to a restricted stock award, which award shall vest, subject to the reporting person's continued service with the Issuer, as follows: (i) 62,998 shares shall vest on November 6, 2024, and (ii) 1/12 of the total number of shares shall vest on the first day of each of the seven calendar quarters thereafter.
F9 These shares of restricted stock were received in exchange for the cancellation of 151,196 stock units granted to the reporting person on August 24, 2023, as reported in the Form 4 filed by the reporting person on August 28, 2023.
F10 PSUs each represent a right to receive one share of Issuer common stock.
F11 These PSUs were cancelled on November 6, 2023 in exchange for the grant of new shares of restricted stock, as described in footnote 6 of this Form 4.
F12 On August 18, 2022, the reporting person was granted PSUs, which vest as described in the Form 4 filed by the reporting person on August 22, 2022. 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 133.13% of the target number of stock units. The number of PSUs beneficially owned following this reported transaction has been updated to reflect the new number of stock units the reporting person is eligible to earn.
F13 These PSUs were cancelled on November 6, 2023 in exchange for the grant of new shares of restricted stock, as described in footnote 7 of this Form 4.
F14 On November 10, 2022, the reporting person was granted PSUs which vest as described in the Form 4 filed by the reporting person on November 15, 2022. 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 133.13% of the target number of stock units. The number of PSUs beneficially owned following this reported transaction has been updated to reflect the new number of stock units the reporting person is eligible to earn.
F15 On August 24, 2023, the reporting person was granted 151,196 PSUs (the "Original PSU Award"). On November 6, 2023, the Original PSU Award was amended to provide that upon achievement of the maximum level of the applicable performance criteria, the reporting person may become eligible to earn the lesser of (i) 200% of the target number of units and (ii) 300,000 stock units.
F16 The PSUs vest as described in the Form 4 filed by the reporting person on August 28, 2023; provided that upon achievement of the maximum level of the applicable performance criteria, the reporting person may become eligible to earn the lesser of (i) 200% of the target number of units and (ii) 300,000 stock units.
F17 No reportable change since the last filing, this is a reiteration of holdings only to report the amendment described in footnote 15 of this Form 4.