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LANDS' END, INC. — Director's Dealing 2020
May 5, 2020
32951_dirs_2020-05-05_0f4fd5d5-e0c2-4646-80ae-71d722a2c6cb.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: 2020-05-01
Reporting Person: McCRACKEN BERNARD LOUIS III (VP, Controller & CAO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-05-01 | Common Stock | M | 1423 | $0.00 | Acquired | 5312 | Direct |
| 2020-05-01 | Common Stock | F | 456 | $7.87 | Disposed | 4856 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-05-01 | Restricted Stock Units | $0.00 | M | 1423 | Disposed | Common Stock (1423) | Direct |
Footnotes
F1: Each Restricted Stock Unit ("RSU") represents 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, 2020.
F3: This RSU award was granted on May 1, 2017, with vesting in three installments on May 1, 2018 (25%), May 1, 2019 (25%) and May 1, 2020 (50%).
F4: Of the total number of RSUs, 1,622 RSUs will vest on March 26, 2021; 1,164 RSUs will vest on March 25, 2021; 2,328 RSUs will vest on March 25, 2021; and 8,099 RSUs will vest in three annual installments on March 19, 2021 (25%), March 19, 2022 (25%) and March 19, 2023 (50%); subject in each case to the satisfaction of vesting conditions, including continued employment.