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LANDS' END, INC. — Director's Dealing 2018
May 3, 2018
32951_dirs_2018-05-03_7fbcb8e8-626d-40e7-8e46-bcdcbb994589.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LANDS' END, INC. (LE)
CIK: 0000799288
Period of Report: 2018-05-01
Reporting Person: GOOCH JAMES F (EVP, COO, CFO and Treasurer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-05-01 | Common Stock | M | 6579 | — | Acquired | 13068 | Direct |
| 2018-05-01 | Common Stock | F | 1882 | $19.40 | Disposed | 11186 | Direct |
| 2018-05-01 | Common Stock | M | 3235 | — | Acquired | 14421 | Direct |
| 2018-05-01 | Common Stock | F | 926 | $19.40 | Disposed | 13495 | Direct |
| 2018-05-02 | Common Stock | M | 3186 | — | Acquired | 16681 | Direct |
| 2018-05-02 | Common Stock | F | 912 | $19.75 | Disposed | 15769 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-05-01 | Restricted Stock Units | $0.0 | M | 6579 | Disposed | Common Stock (6579.0) | Direct | |
| 2018-05-01 | Restricted Stock Units | $0.0 | M | 3235 | Disposed | Common Stock (3235.0) | Direct | |
| 2018-05-02 | Restricted Stock Units | $0.0 | M | 3186 | Disposed | Common Stock (3186.0) | 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 1, 2018.
F3: 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 2, 2018.
F4: This RSU award was granted on February 1, 2017, with vesting in one installment on May 1, 2018 (100%).
F5: This RSU award was granted on May 1, 2017, with vesting in three annual installments on May 1, 2018 (25%), May 1, 2019 (25%) and May 1, 2020 (50%).
F6: This RSU award was granted on May 2, 2016, with vesting in three annual installments on May 2, 2017 (25%), May 2, 2018 (25%) and May 2, 2019 (50%).
F7: Of the total number of RSUs, 14,611 RSUs will vest in three annual installments on March 26, 2019 (25%), March 26, 2020 (25%) and March 26, 2021 (50%); 3,235 RSUs will vest on May 1, 2019; 6,470 RSUs will vest on May 1, 2020; 4,225 RSUs will vest on December 19, 2018; 3,988 RSUs will vest on January 27, 2019; 7,977 RSUs will vest on January 27, 2020; and 6,373 RSUs will vest on May 2, 2019; subject in each case to the satisfaction of vesting conditions, including continued employment.