LANDS' END, INC. — Director's Dealing 2017

May 23, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDS' END, INC. (LE)
CIK: 0000799288
Period of Report: 2017-05-20

Reporting Person: RITCHIE KELLY (Sr VP Employee-Cust Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-20	Common Stock	M	6711	—	Acquired	12431	Direct
2017-05-20	Common Stock	F	2346	$18.10	Disposed	10085	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-20	Restricted Stock Units	$0.0	M	6711	Disposed		Common Stock (6711.0)	Direct

Footnotes

F1: Each Restricted Stock Unit ("RSU") represented a contingent right to receive one share of common stock upon satisfaction of the vesting conditions.

F2: Represents shares surrendered to the issuer for payment of the reporting person's tax withholding obligation incurred in connection with the vesting of RSUs on May 20, 2017.

F3: This RSU award was granted on May 20, 2014, with vesting in three annual installments on May 20, 2015 (25%), May 20, 2016 (25%) and May 20, 2017 (50%).