SEC Form 4 · accession 0001629351-18-000006
NATURES SUNSHINE PRODUCTS INC · NATR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Susan M Armstrong
Officer — EVP & Chief Operations Officer
Period of report
Dec 21, 2018
Accepted (ET)
Dec 27, 2018 · 6:47 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000275053
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 29,155 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance UnitsF1 | — | Dec 21, 2018 | A | 32,000 | A | — | Dec 4, 2021 | Common Shares | 32,000 | 32,000 | D |
| Employee Stock Option (Right to Buy)F2 | $12.56 | holding | — | — | — | — | Mar 11, 2023 | Common Stock | 32,000 | 32,000 | D |
| Employee Stock Option (Right to Buy)F3 | $13.88 | holding | — | — | — | — | Feb 11, 2024 | Common Stock | 15,000 | 15,000 | D |
Explanation of responses
- F1These shares are in the form of performance-based restricted stock units (PRSUs). Each PRSU represents the right to receive one share of NATR common stock. The vesting of the PRSUs is contingent upon six growth rate milestones related to NATR's closing stock price that may be attained within a three-year performance period ending December 4, 2021. PRSUs vest in six equal installments at each of the six following stock price milestones: $11.77; $14.48; $17.20; $19.91; $22.63; and $25.34.
- F2The option vests in three equal annual installments beginning on May 6, 2014.
- F3The option vests in four equal annual installments beginning on February 11, 2015.