Sharng Chris Tahjiun Form 4 NATURAL HEALTH TRENDS / Chris Tahjiun Sharng ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Sharng Chris Tahjiun

(Last) (First) (Middle)

UNITS 1205-07, 12/F, MIRA PLACE TOWER A

132 NATHAN ROAD, TSIMSHATSUI

(Street)

KOWLOON, HONG KONG K3 0000000000

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NATURAL HEALTH TRENDS CORP [ NHTC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/15/2021		M		15,606	A	(1)	902,251	D
Common Stock	03/15/2021		D		15,606	D	$6.72	886,645	D
Common Stock	06/15/2021		M		15,606	A	(1)	902,251	D
Common Stock	06/15/2021		D		15,606	D	$7.36	886,645	D
Common Stock	09/15/2021		M		15,606	A	(1)	902,251	D
Common Stock	09/15/2021		D		15,606	D	$6.98	886,645	D
Common Stock	12/15/2021		M		15,606	A	(1)	902,251	D
Common Stock	12/15/2021		D		15,606	D	$6.65	886,645	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock	(1)	03/15/2021		A		124,850		(2)	(2)	Common Stock	124,850	$0	124,850	D
Phantom Stock	(1)	03/15/2021		M			15,606	03/15/2021	03/15/2021	Common Stock	15,606	(1)	109,244	D
Phantom Stock	(1)	06/15/2021		M			15,606	06/15/2021	06/15/2021	Common Stock	15,606	(1)	93,638	D
Phantom Stock	(1)	09/15/2021		M			15,606	09/15/2021	09/15/2021	Common Stock	15,606	(1)	78,032	D
Phantom Stock	(1)	12/15/2021		M			15,606	12/15/2021	12/15/2021	Common Stock	15,606	(1)	62,426	D

Explanation of Responses:

1. 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.

2. The phantom shares vest in eight (8) equal three-month increments, subject to the satisfaction of both a time-based and a performance-based vesting condition. See the Company's Current Report on Form 8-K filed March 17, 2021.

	/s/ Timothy S. Davidson by Power of Attorney	12/27/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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