Leatt Form 4 / Christopher James Leatt 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^*

Leatt Christopher James

(Last)

(First)

(Middle)

12 KIEPERSOL DRIVE, ATLAS GARDENS

CONTERMANSKLOOF ROAD

(Street)

DURBANVILLE, WESTERN CAPE

7441

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Leatt Corp [ LEAT ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/08/2021

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.001 per share	12/08/2021		S⁽¹⁾		500⁽¹⁾	D	$32	2,029,614⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	12/08/2021		S⁽¹⁾		250⁽¹⁾	D	$32	2,029,364⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	12/09/2021		S⁽¹⁾		400⁽¹⁾	D	$29.57	2,028,964⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	12/09/2021		S⁽¹⁾		350⁽¹⁾	D	$29.9	2,028,614⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	12/13/2021		S⁽¹⁾		750⁽¹⁾	D	$28.01	2,027,864⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	12/14/2021		S⁽¹⁾		300⁽¹⁾	D	$28.72	2,027,564⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	12/15/2021		S⁽¹⁾		500⁽¹⁾	D	$29.26	2,027,064⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	12/15/2021		S⁽¹⁾		500⁽¹⁾	D	$30	2,026,564⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	12/16/2021		S⁽¹⁾		490⁽¹⁾	D	$29.42	2,026,074⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	12/16/2021		S⁽¹⁾		10⁽¹⁾	D	$30	2,026,064⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	12/20/2021		S⁽¹⁾		500⁽¹⁾	D	$29.6	2,025,564⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	12/21/2021		S⁽¹⁾		500⁽¹⁾	D	$30.01	2,025,064⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	12/21/2021		S⁽¹⁾		350⁽¹⁾	D	$29.64	2,024,714⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	12/22/2021		A⁽³⁾		8,500⁽³⁾	A	$30.06	2,033,214⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	12/23/2021		S⁽¹⁾		500⁽¹⁾	D	$30.6	2,032,714⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	12/23/2021		S⁽¹⁾		500⁽¹⁾	D	$30.6	2,032,214⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	12/27/2021		S⁽¹⁾		600⁽¹⁾	D	$31.39	2,031,614⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	12/28/2021		S⁽¹⁾		300⁽¹⁾	D	$31.36	2,031,314⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	12/29/2021		S⁽¹⁾		500⁽¹⁾	D	$31.02	2,030,814⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	12/30/2021		S⁽¹⁾		500⁽¹⁾	D	$30.68	2,030,314⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	12/30/2021		S⁽¹⁾		200⁽¹⁾	D	$30.55	2,030,114⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	12/31/2021		S⁽¹⁾		400⁽¹⁾	D	$30.5	2,029,714⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	01/03/2022		S⁽¹⁾		1,500⁽¹⁾	D	$31.53	2,028,214⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	01/04/2022		S⁽¹⁾		700⁽¹⁾	D	$31.1	2,027,514⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	01/05/2022		S⁽¹⁾		1,100⁽¹⁾	D	$30.05	2,026,414⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	01/05/2022		S⁽¹⁾		300⁽¹⁾	D	$30.27	2,026,114⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	01/07/2022		S⁽¹⁾		300⁽¹⁾	D	$30.09	2,025,814⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾
Common Stock, par value $0.001 per share	01/11/2022		S⁽¹⁾		1,200⁽¹⁾	D	$31.1	2,024,614⁽¹⁾⁽²⁾	I⁽²⁾	See footnote⁽²⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents sales effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021.

2. Total common stock includes 2,025,107 shares of the Issuer's common stock directly held by the Reporting Person prior to the reporting date, and 5,007 shares of the Issuer's common stock held by members of the Reporting Person's immediate family prior to the reporting date.

3. On December 22, 2021, the Issuer's Board approved the award of 8,500 restricted shares of the Issuer's common stock to the Reporting Person, pursuant to a Restricted Stock Award Agreement, under the Issuer's 2011 Amended and Restated Equity Incentive Plan. Sixty percent, or 5,100 shares, of the restricted stock vested on December 31, 2021, and the remaining forty percent, or 3,400 shares, will vest on four equal parts on March 31, 2022, June 30, 2022, September 30, 2022, and December 31, 2022, respectively; provided, however, that any unvested restricted stock will fully vest in the event of any change in control of the Issuer.

	/s/ Christopher J. Leatt	01/14/2022
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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Leatt (LEAT) Form 4Leatt / Christopher James Leatt ownership change