LANDS' END, INC. — Director's Dealing 2020

Mar 27, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDS' END, INC. (LE)
CIK: 0000799288
Period of Report: 2020-03-25

Reporting Person: RITCHIE KELLY (SVP, Employee Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-25	Common Stock	M	3226	$0.00	Acquired	28474	Direct
2020-03-26	Common Stock	M	2248	$0.00	Acquired	30722	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-25	Restricted Stock Units	$0.00	M	3226	Disposed		Common Stock (3226)	Direct
2020-03-26	Restricted Stock Units	$0.00	M	2248	Disposed		Common Stock (2248)	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: This RSU award was granted on March 25, 2019, with vesting in three installments on March 25, 2020 (25%), March 25, 2021 (25%) and March 25, 2022 (50%).

F3: This RSU award was granted on March 26, 2018, with vesting in three installments on March 26, 2019 (25%), March 26, 2020 (25%) and March 26, 2021 (50%).

F4: Of the total number of RSUs, 4,499 RSUs will vest on March 26, 2021; 3,974 RSUs will vest on May 1, 2020; 3,226 RSUs will vest on March 25, 2021; 6,453 RSUs will vest on March 25, 2022; and 22,138 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.