Charles V. Bergh - Jan 27, 2020 Form 4/A - Amendment 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, 2020
Transactions value $
-$7,018,404
Form type
4/A - Amendment
Date filed
4/21/2023, 06:35 PM
Date Of Original Report
Feb 3, 2020
Previous filing
Apr 21, 2023
Next filing
Apr 21, 2023

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 Class B Common Stock Award $0 +634K +128.38% $0.00 1.13M Jan 27, 2020 Class A Common Stock 634K Direct F1, F2, F3, F4
transaction LEVI Class B Common Stock Tax liability -$6.37M -314K -27.87% $20.25 814K Jan 27, 2020 Class A Common Stock 314K Direct F3, F5
transaction LEVI Class B Common Stock Tax liability -$651K -33K -4.05% $19.75 781K Jan 30, 2020 Class A Common Stock 33K Direct F3, F5
holding LEVI Class B Common Stock 1.64M Jan 27, 2020 Class A Common Stock 1.64M See Footnote F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class B common stock issued upon the settlement of restricted stock units with performance-based vesting criteria (PRSUs). The performance criteria were met on January 27, 2020.
F2 This Form 4/A is being filed to correct the disclosure relating to the issuance of shares of Class B common stock upon settlement of PRSUs set forth in the Form 4 filed on February 3, 2020 (the "Original Form 4"), which were inadvertently disclosed in Table I instead of Table II in the Original Form 4.
F3 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.
F4 Includes 471,930 shares of Class B common stock subject to restricted stock units, (i) 225,010 of which were awarded in 2017 and vest on February 1, 2020, (ii) 125,500 of which were awarded in 2018, 37,940 of which vest on January 30, 2020, and the remainder of which vest in two equal annual installments beginning January 30, 2021 and (iii) 121,420 of which were awarded in 2019, which vest in four equal annual installments beginning on January 30, 2020.
F5 Shares withheld to cover tax obligation from settlement of vested PRSUs and restricted stock units.
F6 The shares are held in a family trust formed in 2019 of which Mr. Bergh is trustee.