FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

SMOLYANSKY LUDMILA
2. Issuer Name and Ticker or Trading Symbol

Lifeway Foods, Inc. [ LWAY ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    __X__ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

C/O LIFEWAY FOODS, INC., 6431 OAKTON STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

12/16/2020
(Street)

MORTON GROVE, IL 60053
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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, no par value 12/16/2020  S  3000 D$6.16 3964298 I See note (1)
Common Stock, no par value 12/16/2020  S  8000 D$6.14 3956298 I See note (1)
Common Stock, no par value 12/16/2020  S  6000 D$6.19 3950298 I See note (1)
Common Stock, no par value 12/16/2020  S  3000 D$6.18 3947298 I See note (1)
Common Stock, no par value 12/17/2020  S  2000 D$6.02 3945298 I See note (1)
Common Stock, no par value 12/17/2020  S  3000 D$6.10 3942298 I See note (1)
Common Stock, no par value         27343 I See note (2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) Held by the Ludmila Smolyansky Trust 2/1/05, of which Ludmila Smolyansky is the trustee.
(2) Held by The Smolyansky Family Foundation, of which Ludmila Smolyansky is the trustee

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
SMOLYANSKY LUDMILA
C/O LIFEWAY FOODS, INC.
6431 OAKTON STREET
MORTON GROVE, IL 60053
XX


Signatures
/s/ Ludmila Smolyansky12/18/2020
**Signature of Reporting PersonDate

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