Friedman David A's Form 4/A amendment
AmendedLevi Strauss & Co (LEVI) · filed Apr 21, 2023
- Accession no.
- 0001209191-23-025245
- Filed
- Apr 21, 2023
- Trade date
- Mar 25, 2019
- Filing delay
- 1,488 days
- Rule 10b5-1 plan
- Not checked
- Original filed
- Mar 27, 2019
This filing lists 5 non-derivative transactions and 4 derivative transactions. Open-market sales total $2.55M. It was filed 1,488 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Friedman David ACIK 0001768697 | Director |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 25, 2019 | Common Stock | JOtherDisposed | −8,580 | $0.00 | $0 | 0 | Direct | |
| Mar 25, 2019 | Common Stock | JOtherDisposed | −2,377,540 | $0.00 | $0 | 0 | Indirect | |
| Mar 25, 2019 | Common Stock | JOtherDisposed | −1,464,540 | $0.00 | $0 | 0 | Indirect | |
| Mar 25, 2019 | Class A Common Stock | CConversionAcquired | +150,000 | $0.00 | $0 | 150,000 | Indirect | |
| Mar 25, 2019 | Class A Common Stock | SSaleDisposed | −150,000 | $17.00 | −$2,550,000 | 0 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 25, 2019 | Class A Common Stock | JOtherAcquired | +8,580 | $0.00 | $0 | 8,580 | Direct | |
| Mar 25, 2019 | Class A Common Stock | JOtherAcquired | +2,377,540 | $0.00 | $0 | 2,377,540 | Indirect | |
| Mar 25, 2019 | Class A Common Stock | JOtherAcquired | +1,464,540 | $0.00 | $0 | 1,464,540 | Indirect | |
| Mar 25, 2019 | Class A Common Stock | CConversionDisposed | −150,000 | $0.00 | $0 | 2,227,540 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Immediately prior to the closing of the Issuer's initial public offering of Class A Common Stock, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7. 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.
- F2
This Form 4/A is being filed to correct the disclosure relating to such RSUs (the "Class B RSUs") set forth in the Form 4 filed on March 27, 2019 (the "Original Form 4"), which were inadvertently disclosed in Table I instead of Table II in the Original Form 4. DERs issued with regard to the Class B RSUs after the date of the Original Form 4 were also incorrectly reported on Table I instead of Table II, as a result of the initial misclassification.
- F3
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.
- F4
The shares are held by the David A. Friedman 1993 Revocable Trust, of which the Reporting Person is trustee.
- F5
The shares are held by trusts, of which Mr. Friedman is co-trustee, for the benefit of others. Mr. Friedman disclaims beneficial ownership of these shares.
- F6
Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the David A. Friedman 1993 Revocable Trust.