0001437749-21-029278.txt : 20211227 0001437749-21-029278.hdr.sgml : 20211227 20211227122314 ACCESSION NUMBER: 0001437749-21-029278 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210514 FILED AS OF DATE: 20211227 DATE AS OF CHANGE: 20211227 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Broady Brunde E CENTRAL INDEX KEY: 0001862961 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36849 FILM NUMBER: 211519571 MAIL ADDRESS: STREET 1: UNITS 1205-07, 12/F, MIRA PLACE TOWER A STREET 2: 132 NATHAN ROAD, TSIMSHATSUI CITY: KOWLOON STATE: K3 ZIP: 0000000000 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: NATURAL HEALTH TRENDS CORP CENTRAL INDEX KEY: 0000912061 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MISCELLANEOUS NONDURABLE GOODS [5190] IRS NUMBER: 592705336 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: UNITS 1205-07, 12F, MIRA PLACE TOWER A STREET 2: 132 NATHAN ROAD, TSIMSHATSUI, KOWLOON CITY: HONG KONG STATE: K3 ZIP: 00000 BUSINESS PHONE: 852-3107-0800 MAIL ADDRESS: STREET 1: UNITS 1205-07, 12F, MIRA PLACE TOWER A STREET 2: 132 NATHAN ROAD, TSIMSHATSUI, KOWLOON CITY: HONG KONG STATE: K3 ZIP: 00000 4 1 rdgdoc.xml FORM 4 X0306 4 2021-05-14 0000912061 NATURAL HEALTH TRENDS CORP NHTC 0001862961 Broady Brunde E UNITS 1205-07, 12/F, MIRA PLACE TOWER A 132 NATHAN ROAD, TSIMSHATSUI KOWLOON, HONG KONG K3 0000000000 HONG KONG 1 Common Stock 2021-06-15 4 M 0 1296 A 1296 D Common Stock 2021-06-15 4 D 0 1296 7.36 D 0 D Common Stock 2021-09-15 4 M 0 1296 A 1296 D Common Stock 2021-09-15 4 D 0 1296 6.98 D 0 D Common Stock 2021-12-15 4 M 0 1296 A 1296 D Common Stock 2021-12-15 4 D 0 1296 6.65 D 0 D Common Stock 0 I See Footnotes Phantom Stock 2021-05-14 4 A 0 9074 0 A Common Stock 9074 9074 D Phantom Stock 2021-06-15 4 M 0 1296 D 2021-06-15 2021-06-15 Common Stock 1296 7778 D Phantom Stock 2021-09-15 4 M 0 1296 D 2021-09-15 2021-09-15 Common Stock 1296 6482 D Phantom Stock 2021-12-15 4 M 0 1296 D 2021-12-15 2021-12-15 Common Stock 1296 5186 D Each phantom share entities the holder to receive a cash payment equal to the fair market value of one share of NHTC common stock on the applicable vesting date, subject to satisfaction of the applicable vesting conditions and a maximum payment value of $12.00 per phantom share. The phantom shares vest in seven (7) equal three-month increments, subject to the satisfaction of both a time-based and a performance-based vesting condition. Ms. Broady is co-trustee of the Eleanor Jane Broady 2012 Irrevocable Trust (the "EJB Trust") along with four other co-trustees, and the co-trustees must act jointly through a majority in order to take action under the terms of the EJB Trust, including the exercise of voting or investment powers with respect to the 2,245,128 shares of common stock of Natural Health Trends Corp. (the "Company") held by the EJB Trust. Ms. Broady expressly disclaims beneficial ownership of any shares of the Company's common stock held by the EJB Trust, within the meaning of Rule 13d-3 under the Securities Act of 1934. Ms. Broady, along with four other individuals is currently named a successor co-trustee of the George K. Broady 2012 Irrevocable Trust (the "GKB Trust"), and that in the event such successor co-trustees commencing serving as co-trustees, they must act jointly through a majority in order to take action under the terms of the GKB Trust, including the exercise of voting or investment powers with respect to the 690,099 shares of the Company's common stock held by the GKB Trust. Ms. Broady expressly disclaims beneficial ownership of any shares of the Company's common stock held by the GKB Trust, within the meaning of Rule 13d-3 under the Securities Act of 1934. /s/ Timothy S. Davidson by Power of Attorney 2021-12-27