Filing Details

Accession Number:
0001683168-22-008397
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-12-13 17:55:45
Reporting Period:
2022-12-12
Accepted Time:
2022-12-13 17:55:45
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
1227848 Ludmila Smolyansky C/O Lifeway Foods, Inc.
6431 Oakton Street
Morton Grove IL 60053
Yes No 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 2022-12-12 20,000 $6.68 2,398,120 No 4 S Indirect See footnote
Common Stock, No Par Value Disposition 2022-12-13 10,000 $6.86 2,388,120 No 4 S Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See footnote
No 4 S Indirect See Footnote
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, No Par Value 27,343 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 4,800 4,800 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
4,800 4,800 Direct
Footnotes
  1. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.62 to $6.73 per share, inclusive. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  2. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.75 to $6.98 per share, inclusive. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  3. Held by the Ludmila Smolyansky Trust 2/1/05, of which Ludmila Smolyansky is the trustee.
  4. Held by The Smolyansky Family Foundation, of which Ludmila Smolyansky is the trustee
  5. Each restricted stock unit has a value equal to one share of common stock. Of such restricted stock units, 1,600 will vest on each of August 31, 2023, 2024 and 2025, contingent on the Reporting Person's continued service as a Director on each applicable vesting date. The issuance of shares upon vesting of the restricted stock units 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.