Charles V. Bergh - Jan 27, 2023 Form 4 Insider Report for LEVI STRAUSS & CO (LEVI)

Role
President and CEO, Director
Signature
/s/ Priscilla Duncan-Tannous, Attorney-in-Fact
Stock symbol
LEVI
Transactions as of
Jan 27, 2023
Transactions value $
-$709,082
Form type
4
Date filed
1/31/2023, 05:21 PM
Previous filing
Jan 25, 2023
Next filing
Feb 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEVI Class A Common Stock Award $0 +162K +43.37% $0.00 534K Jan 27, 2023 Direct F1
transaction LEVI Class A Common Stock Tax liability -$504K -28.3K -5.3% $17.79 506K Jan 27, 2023 Direct F2
transaction LEVI Class A Common Stock Tax liability -$205K -11.5K -2.28% $17.79 494K Jan 28, 2023 Direct F2
holding LEVI Class A Common Stock 632K Jan 27, 2023 See Footnote F3
holding LEVI Class A Common Stock 1.59M Jan 27, 2023 See Footnote F4

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 LEVI Stock Appreciation Rights Options Exercise $0 -566K -50% $0.00 566K Jan 27, 2023 Class B Common Stock 566K $6.10 Direct F5
transaction LEVI Class B Common Stock Options Exercise $3.45M +566K +63.69% $6.10 1.45M Jan 27, 2023 Class A Common Stock 566K Direct F6
transaction LEVI Class B Common Stock Disposed to Issuer -$3.45M -195K -13.39% $17.73 1.26M Jan 27, 2023 Class A Common Stock 195K Direct F6, F7
transaction LEVI Stock Appreciation Rights Award $0 +406K $0.00 406K Jan 27, 2023 Class A Common Stock 406K $17.79 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares are represented by restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The RSUs vest in four equal installments of 25% on each of January 26, 2024, January 24, 2025, January 30, 2026, and January 29, 2027, subject to Participant's Continuous Service through each such vesting date.
F2 Shares withheld to cover tax obligation from settlement of vested RSUs.
F3 The shares are held in a family trust formed in 2019 of which Mr. Bergh is trustee.
F4 The shares are held in a family trust formed in 2022 of which Mr. Bergh is trustee.
F5 100% of these stock appreciation rights are fully vested.
F6 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.
F7 Represents shares withheld by the company for exercise price upon exercise of a stock appreciation right.
F8 Vests in four equal installments of 25% on each of January 26, 2024, January 24, 2025, January 30, 2026, and January 29, 2027, subject to Participant's Continuous Service through each such vesting date.