David A. Friedman - 28 Nov 2021 Form 5 Insider Report for LEVI STRAUSS & CO (LEVI)

Role
Director
Signature
/s/ Priscilla Duncan-Tannous, Attorney-in-Fact
Issuer symbol
LEVI
Transactions as of
28 Nov 2021
Transactions value $
-$963,990
Form type
5
Filing time
11 Aug 2023, 16:17:38 UTC
Previous filing
30 Nov 2021
Next filing
28 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEVI Class A Common Stock Gift $0 -33.3K -13.43% $0.00 215K 15 Jul 2021 See Footnote F1
transaction LEVI Class A Common Stock Gift $0 +33.3K +16.5% $0.00 235K 15 Jul 2021 Direct F2
transaction LEVI Class A Common Stock Sale -$964K -33.3K -12.41% $28.92 235K 15 Jul 2021 Direct F2, F3, F4
transaction LEVI Class A Common Stock Conversion of derivative security $0 +170K +379.08% $0.00 215K 28 Sep 2021 See Footnote F1, F5
transaction LEVI Class A Common Stock Gift $0 -170K -44.17% $0.00 215K 28 Sep 2021 See Footnote F1
transaction LEVI Class A Common Stock Conversion of derivative security $0 +200K +1347.25% $0.00 215K 11 Oct 2021 See Footnote F1, F5

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 Conversion of derivative security $0 -170K -10.26% $0.00 1.49M 28 Sep 2021 Class A Common Stock 170K See Footnote F1, F5, F6
transaction LEVI Class B Common Stock Conversion of derivative security $0 -200K -13.45% $0.00 1.29M 11 Oct 2021 Class A Common Stock 200K See Footnote F1, F5, F6
holding LEVI Class B Common Stock 8.83K 28 Nov 2021 Class A Common Stock 8.83K Direct F6, F7
* 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 shares are held by the David A. Friedman 1993 Revocable Trust, of which the Reporting Person is trustee.
F2 Includes 16,313 restricted stock units (RSUs) that may be settled in shares of Class A Common Stock, including RSUs previously issued in the form of dividend equivalent rights. Each RSU represents a contingent right to receive one share of the issuer's Class A Common Stock upon settlement. 10,828 of the RSUs vest in a series of three equal installments on the dates that are 13, 24 and 36 months following the date of grant and 5,485 of the RSUs vest in full on the first anniversary of the date of grant.
F3 Transaction pursuant to a previously established Rule 10b5-1 Plan.
F4 Represents weighted average sales price. The shares were sold at prices ranging from $28.559 to $30.00. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F5 Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.
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 Each share is represented by a restricted stock unit (RSU) that may be settled in shares of Class B Common Stock, including RSUs previously issued in the form of dividend equivalent rights (DERs). Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement. The RSUs vest in a series of three equal installments on the dates that are 13, 24 and 36 months following the date of grant. Certain of such RSUs are subject to a deferral delivery feature.