Form 4 for LWAY Lifeway Foods, Inc.
Accepted 2022-07-13 00:00:00 ET · period of report 2021-04-29 · accession 0001683168-22-004929 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2022-07-13 | 2022-04-20 | LWAY | Hanson Eric A | Chief Fin, Acctg Off | A - Grant | $0.00 | +30.8K | 43.5K | +243% | $0 |
| M | 2022-07-13 | 2021-04-29+ | LWAY | Hanson Eric A | Chief Fin, Acctg Off | F - Tax | $5.81 | -6,778 | 53.1K | -11% | -$39.4K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, no par value | 2022-04-20 | A | A | 18,958 | $0.00 | 55,444 | D | — | — | (F5) Represents a time-based restricted stock award under the Company's 2021 equity incentive program pursuant to the Company's 2015 Omnibus Incentive Plan. Of such time-based restricted stock, 6,320 shares will be issued and vest immediately, and 6,319 will be issued on each of April 20, 2023 and April 20, 2024 and vest immediately upon issuance, contingent on the Reporting Person's continued service on the vesting date. |
| 2 | Common | Common Stock, no par value | 2022-04-20 | F | D | 6,975 | $6.00 | 36,486 | D | — | — | (F4) No stock was sold. In connection with the issuance of 16,680 shares of stock vested under the 2019 LTIP, the Company withheld a total of 6,975 shares to satisfy a payroll tax liability incident to such issuance. |
| 3 | Common | Common Stock, no par value | 2022-04-20 | A | A | 11,846 | $0.00 | 43,461 | D | — | — | (F3) Represents a grant of restricted stock earned under the Company's 2019 Long Term Incentive Program (the "2019 LTIP) for the 2021 performance period and issued pursuant to the Company's 2015 Omnibus Incentive Plan. All issued shares of restricted stock earned in the 2021 performance period vest immediately upon issuance. |
| 4 | Common | Common Stock, no par value | 2021-04-29 | F | A | 2,516 | $5.10 | 31,615 | D | — | — | (F1) No stock was sold. In connection with the grant of 11,702 shares of restricted stock earned under the 2019 LTIP for the 2019 and 2020 performance periods, the Company withheld a total of 2,516 shares to satisfy a payroll tax liability incident to the issuance of vested shares. (F2) Adjusted to reflect a correction to an inadvertent overstatement of 4,077 shares of common stock in Reporting Person's grant and beneficial ownership on his previously filed Form 4. |
| 5 | Common | Common Stock, no par value | 2022-04-20 | F | D | 2,319 | $6.00 | 53,125 | D | — | — | (F6) No stock was sold. In connection with the grant of 18,958 shares of restricted stock under the Company's 2021 Long Term Incentive Program, the Company withheld a total of 2,319 shares to satisfy a payroll tax liability incident to the issuance of vested shares. |