DESTINATION XL GROUP, INC. — Director's Dealing 2021

Oct 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DESTINATION XL GROUP, INC. (DXLG)
CIK: 0000813298
Period of Report: 2021-10-15

Reporting Person: KANTER HARVEY S (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-10-15	Common Stock, $0.01 par value	M	150000	$0.64	Acquired	620898	Direct
2021-10-15	Common Stock, $0.01 par value	M	221020	$0.53	Acquired	841918	Direct
2021-10-15	Common Stock, $0.01 par value	F	131805	$5.91	Disposed	710113	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-10-15	Employee Stock Option (Right to Buy)	$0.64	M	150000	Disposed	2030-06-10	Common Stock (150000)	Direct
2021-10-15	Employee Stock Option (Right to Buy)	$0.53	M	221020	Disposed	2030-06-11	Common Stock (221020)	Direct

Footnotes

F1: Represents shares withheld from shares otherwise issuable upon exercise of the options to cover estimated withholding taxes, based on the closing price of the Issuer's common stock of $5.91 on the date immediately preceding the transaction date.

F2: The option vests in three equal installments. 150,000 options became exercisable on June 10, 2021. 150,000 options will become exercisable April 1, 2022 and 150,000 options will become exercisable on April 1, 2023.

F3: The non-qualified stock options represent the time-based portion of the 2020-2021 Long-Term Incentive Plan award to the Reporting Person. The option vests in four equal installments. 221,020 options became exercisable on June 11, 2021. 221,020 options will become exercisable on April 1, 2022, 221,020 options will become exercisable on April 1, 2023 and 221,020 options will become exercisable on April 1, 2023.