LANDS' END, INC. — Director's Dealing 2018

May 3, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDS' END, INC. (LE)
CIK: 0000799288
Period of Report: 2018-05-01

Reporting Person: RITCHIE KELLY (SVP, Employee & Cust Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-01	Common Stock	M	3067	—	Acquired	13152	Direct
2018-05-01	Common Stock	M	1988	—	Acquired	15140	Direct
2018-05-02	Common Stock	M	1958	—	Acquired	17098	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-01	Restricted Stock Units	$0.0	M	3067	Disposed		Common Stock (3067.0)	Direct
2018-05-01	Restricted Stock Units	$0.0	M	1988	Disposed		Common Stock (1988.0)	Direct
2018-05-02	Restricted Stock Units	$0.0	M	1958	Disposed		Common Stock (1958.0)	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: This RSU award was granted on May 1, 2015, with vesting in one installment on May 1, 2018 (100%).

F3: 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%).

F4: 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%).

F5: Of the total number of RSUs, 8,995 RSUs will vest in three annual installments on March 26, 2019 (25%), March 26, 2020 (25%) and March 26, 2021 (50%); 1,988 RSUs will vest May 1, 2019; 3,974 RSUs will vest on May 1, 2020; and 3,914 RSUs will vest on May 2, 2019; subject in each case to the satisfaction of vesting conditions, including continued employment.