AI assistant
DESTINATION XL GROUP, INC. — Director's Dealing 2021
Nov 12, 2021
34382_dirs_2021-11-12_a0789727-00e1-41eb-a1fa-57ec5fd080a9.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: DESTINATION XL GROUP, INC. (DXLG)
CIK: 0000813298
Period of Report: 2021-11-10
Reporting Person: KANTER HARVEY S (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-11-10 | Common Stock, $0.01 par value | M | 240000 | — | Acquired | 950113 | Direct |
| 2021-11-10 | Common Stock, $0.01 par value | F | 94440 | $7.63 | Disposed | 855673 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-11-10 | Performance Shares | $ | M | 240000 | Disposed | Common Stock (240000) | Direct |
Footnotes
F1: Each Performance Share represents a contingent right to receive one share of the Issuer's common stock.
F2: Represents shares withheld from shares otherwise issuable upon vesting of Performance Shares for payment of taxes.
F3: Performance Shares vest, if at all, in tranches when the trailing 90-day, volume-weighted average closing price of a share of the Issuer's common stock reaches specified targets during the four-year performance period ending on March 31, 2023. On November 10, 2021, the Compensation Committee of the Board of Director's of the Issuer determined that the second tranche had vested as of November 10, 2021.