Filing Details

Accession Number:
0001683168-24-003767
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-05-21 17:46:46
Reporting Period:
2024-05-17
Accepted Time:
2024-05-21 17:46:46
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
1227846 Julie Smolyansky C/O Lifeway Foods, Inc.
6431 Oakton Street
Morton Grove IL 60053
Ceo, President And Secretary 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 Disposition 2024-05-17 10,000 $18.37 2,104,522 No 4 S Direct
Common Stock, No Par Value Disposition 2024-05-17 10,000 $18.44 2,094,522 No 4 S Direct
Common Stock, No Par Value Disposition 2024-05-20 10,105 $17.26 2,084,417 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S 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 22,216 Indirect See footnote
Common Stock, No Par Value 4,636 Indirect See footnote
Common Stock, No Par Value 500,000 Indirect See footnote
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Restricted Stock Units $0.00 18,208 18,208 Direct
Common Stock Restricted Stock Units $0.00 36,337 36,337 Direct
Common Stock Restricted Stock Units $0.00 26,667 26,667 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
18,208 18,208 Direct
36,337 36,337 Direct
26,667 26,667 Direct
Footnotes
  1. Includes an award of 334,630 shares of restricted stock which are issuable upon 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 (the "Stockholders' Agreement").
  2. The number of securities shown reflects a correction of an inadvertent error in the Reporting Person's previous Form 4.
  3. Held for the benefit of minor children.
  4. Held by the Reporting Person's spouse.
  5. 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.
  6. . Each restricted stock unit has a value equal to one share of common stock. Of such restricted stock units, 6,070 will vest on January 10, 2025, 6,070 will vest on January 10, 2026 and 6,068 will vest on January 10, 2027, contingent on the Reporting Person's continued service on each applicable vesting date. The issuance of shares upon vesting of these restricted stock units is contingent upon receipt by the Company of consent and agreement by Danone that such issuance will not constitute a breach of violation of or constitute "New Securities" under the Stockholders' Agreement.
  7. Each restricted stock unit has a value equal to one share of common stock. Of such restricted stock units, 12,113 will vest on June 16, 2024, 12,113 will vest on June 16, 2025 and 12,111 will vest on June 16, 2026, contingent on the Reporting Person's continued service on each applicable vesting date. The issuance of shares upon vesting of these restricted stock units is contingent upon receipt by the Company of consent and agreement by Danone that such issuance will not constitute a breach of violation of or constitute "New Securities" under the Stockholders' Agreement.
  8. Each restricted stock unit has a value equal to one share of common stock. Of such restricted stock units, 13,333 will vest on August 31, 2024 and 13,334 will vest on August 31, 2025, contingent on the Reporting Person's continued service on each applicable vesting date. The issuance of shares upon vesting of these restricted stock units is contingent upon receipt by the Company of consent and agreement by Danone that such issuance will not constitute a breach of violation of or constitute "New Securities" under the Stockholders' Agreement.