Seth Jaffe - May 31, 2023 Form 4 Insider Report for LEVI STRAUSS & CO (LEVI)

Role
EVP & Chief Legal Officer
Signature
/s/ Priscilla Duncan-Tannous, Attorney-in-Fact
Stock symbol
LEVI
Transactions as of
May 31, 2023
Transactions value $
-$79,234
Form type
4
Date filed
6/1/2023, 08:04 PM
Previous 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 Conversion of derivative security $0 +2.94K +1.69% $0.00 177K May 31, 2023 Direct F1, F2
transaction LEVI Class A Common Stock Sale -$39.5K -2.94K -1.66% $13.45 174K May 31, 2023 Direct F1

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 -12.1K -11.11% $0.00 96.4K May 31, 2023 Class B Common Stock 12.1K $6.90 Direct F1, F3, F4
transaction LEVI Class B Common Stock Options Exercise $83.2K +12.1K +5.28% $6.90 241K May 31, 2023 Class A Common Stock 12.1K Direct F1, F4
transaction LEVI Class B Common Stock Disposed to Issuer -$123K -9.12K -3.79% $13.48 231K May 31, 2023 Class A Common Stock 9.12K Direct F1, F4, F5
transaction LEVI Class B Common Stock Conversion of derivative security $0 -2.94K -1.27% $0.00 228K May 31, 2023 Class A Common Stock 2.94K Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transaction being reported was effected pursuant to a previously established Rule 10b5-1 trading plan adopted by the Reporting Person on February 6, 2023.
F2 Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.
F3 100% of these stock appreciation rights are fully vested.
F4 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.
F5 Represents shares withheld by the company for exercise price and taxes upon exercise of a stock appreciation right.