Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
Levi Strauss & Co.
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(Name of Issuer)
Class A Common Stock, par value $0.001 per share
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(Title of Class of Securities)
52736R102
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(CUSIP Number)
December 31, 2021
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[x] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
PAGE 1 OF 4 PAGES
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CUSIP NO.52736R102 13G PAGE 2 OF 4 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Parnassus Investments, LLC 87-2269073
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
N/A
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
San Francisco, California - U.S.A.
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5 SOLE VOTING POWER
NUMBER OF 5,440,306(1)
SHARES ----------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 5,440,306
PERSON ----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,440,306
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.54%(2)
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12 TYPE OF REPORTING PERSON*
IA
1. Because each share of Class A Common Stock is entitled to one vote per
share and each share of Class B Common Stock generally is entitled to
ten votes per share, and the Reporting Person only holds Class A
Common Stock, the Reporting Person beneficially owns equity securities
of Levi Strauss & Co. representing approximately only 0.18% of the
total number of votes of all classes of common stock of Levi Strauss &
Co., based on 98,205,835 shares of Class A Common Stock and
299,815,032 shares of Class B Common Stock outstanding as of December
31, 2021.
2. Assuming the conversion of all shares of Class B Common Stock, of
which the Reporting Person owns none, into shares of Class A Common
Stock on a one-for-one basis, the Reporting Person would own only
0.18% of the then outstanding shares of Class A Common Stock, based on
98,205,835 shares of Class A Common Stock and 299,815,032 shares of
Class B Common Stock outstanding as of December 31, 2021.
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Item 1(a) Name of Issuer:
Levi Strauss & Co.
Item 1(b) Address of Issuer's Principal Executive Offices:
1155 Battery Street
San Francisco, CA 94111
Item 2(a) Name of Person Filing:
Parnassus Investments, LLC
Item 2(b) Address of the Principal Office or, if none, Residence:
1 Market Steet, Suite 1600
San Francisco, CA 94105
Item 2(c) Citizenship:
California - U.S.A.
Item 2(d) Title of Class of Securities:
Class A
Item 2(e) CUSIP Number:
52736R102
Item 3 If the Statement is being filed pursuant to Rule 13d-1(b),
or 13d-2(b), check whether the person filing is a:
(e) [X] An investment advisor in accordance with section
240.13d-1(b)(1)(ii)(E)
Item 4 Ownership:
(a) Amount Beneficially Owned:
5,440,306
(b) Percent of Class:
5.54%
PAGE 3 OF 4 PAGES
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote:
5,440,306
(ii) shared power to vote or direct the vote:
0
(iii) sole power to dispose or to direct the
disposition of: 5,440,306
(iv) shared power to dispose or to direct the
disposition of: 0
Item 5 Ownership of Five Percent or Less of a Class:
Not applicable.
Item 6 Ownership of More than Five Percent on Behalf of Another
Person:
Securities reported on this Schedule 13G are beneficially
owned by clients of Parnassus Investments, which includes
investment companies registered under the Investment
Company Act.
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent
Holding Company:
Not applicable.
Item 8 Identification and Classification of Members of the Group:
Not applicable.
Item 9 Notice of Dissolution of a Group:
Not applicable.
Item 10 Certification:
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired
in the ordinary course of business and were not acquired for
the purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in
any transaction having such purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete
and correct.
Dated: February 14, 2022
Parnassus Investments
By: /S/ Marc C. Mahon
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Name: Marc C. Mahon
Title: Chief Financial Officer
PAGE 4 OF 4 PAGES