Form 4 for LWAY Lifeway Foods, Inc.
Accepted 2022-07-13 00:00:00 ET · period of report 2022-04-20 · accession 0001683168-22-004934 · 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 | SMOLYANSKY JULIE | Pres, CEO, Dir, 10% | A - Grant | $0.00 | +148.7K | 2.03M | +8% | $0 |
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 | 125,000 | $0.00 | 2,151,748 | D | — | — | (F3) Represents a grant of time-based restricted stock earned under the Company's 2021 Long Term Incentive Program for the 2021 performance period and issued pursuant to the Company's 2015 Omnibus Incentive Plan. Such shares 41,667 vest immediately upon issuance vest immediately, 41,667 vest on April 20, 2023 and 541,666 vest on April 20, 2024 and will be issued upon vesting, contingent on the Reporting Person's continued service on the vesting date and receipt by the Company of consent and agreement by Danone that such issuance will not constitute a breach of violation of or constitute "New Securities" under the Stockholders' Agreement. |
| 2 | Common | Common Stock, no par value | 2022-04-20 | A | A | 23,694 | $0.00 | 2,026,748 | D | — | — | (F1) Represents a grant of restricted stock earned under the Company's 2019 Long Term Incentive Program for the 2021 performance period and issued pursuant to the Company's 2015 Omnibus Incentive Plan. All such shares vest immediately upon issuance. The issuance of such shares is dependent on receipt by the Company of consent and agreement by DanoneWave PBC ("Danone") that such issuance will not constitute a breach of violation of or constitute "New Securities" under that certain Stockholders' Agreement, dated as of October 1, 1999, by and among the Corporation, Danone, Michael Smolyansky and the other stockholders of the Corporation listed therein, as amended by that certain letter agreement dated September 24, 1999 and as further amended from time to time (the "Stockholders' Agreement"). (F2) Adjusted to reflect a correction to an inadvertent overstatement of 4,07748,154 shares of common stock in Reporting Person's grant and beneficial ownership on his previously filed Form 4. |