Filing Details
- Accession Number:
- 0001683168-21-002237
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-05-26 10:41:10
- Reporting Period:
- 2021-04-29
- Accepted Time:
- 2021-05-26 10:41:10
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 814586 | Lifeway Foods Inc. | LWAY | Dairy Products (2020) | 363442829 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1227847 | Edward Smolyansky | C/O Lifeway Foods, Inc. 6431 Oakton Street Morton Grove IL 60053 | Chief Operating Officer | Yes | Yes | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock, No Par Value | Acquisiton | 2021-04-29 | 31,559 | $0.00 | 1,527,612 | No | 4 | A | Direct | |
| Common Stock, No Par Value | Disposition | 2021-05-21 | 6,000 | $5.29 | 1,521,612 | No | 4 | S | Direct | |
| Common Stock, No Par Value | Disposition | 2021-05-24 | 4,000 | $5.67 | 1,517,612 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | A | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock, No Par Value | 500,000 | Indirect | See Footnote |
Footnotes
- Represents a time-based restricted stock award pursuant to the Company's 2015 Omnibus Incentive Plan. Of such time-based restricted stock, 13,739 shares vest immediately and the remainder will vest on April 29, 2022, contingent on the Reporting Person's continued service on the vesting date. 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.
- Held by Smolyansky Holding LLC of which the reporting person is the beneficial owner of 50%. The reporting person disclaims beneficial ownership of such shares except to the extent of any pecuniary interest therein.
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