SEC Form 4 · accession 0001683168-18-000832
Lifeway Foods, Inc. · LWAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas Hass
Officer — General Counsel
Period of report
Mar 28, 2018
Accepted (ET)
Mar 30, 2018 · 4:51 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000814586
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, no par valueF1 | Mar 28, 2018 | A | 6,622 | $0.00 | A | 7,859 | D | |
| Common Stock, no par valueF2 | Mar 28, 2018 | F | 834 | $6.04 | D | 7,025 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock option (Right to buy)F3 | $9.57 | holding | — | — | — | — | Jul 1, 2026 | Common Stock | 150 | 150 | D |
Explanation of responses
- F1Represents a time-based restricted stock award pursuant to the Company's 2015 Omnibus Incentive Plan. Of such time-based restricted stock, 2,208 shares vested on March 28, 2018; 2,207 will vest on March 14, 2019; and 2,207 will vest on March 14, 2020, contingent on the Reporting Person's continued service on each applicable vesting date.
- F2No stock was sold. In connection with the vesting of 2,208 shares of stock, the Company withheld a total of 834 shares to satisfy a payroll tax liability incident to such vesting.
- F3Of such options, 50 are vested; 50 will vest on July 1, 2018; and 50 will vest on July 1, 2019.