AI assistant
LANDS' END, INC. — Director's Dealing 2020
Mar 27, 2020
32951_dirs_2020-03-27_85ce533d-029d-4f20-be9b-cd674d4e4dce.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LANDS' END, INC. (LE)
CIK: 0000799288
Period of Report: 2020-03-25
Reporting Person: TSAI CHIEH (Chief Product Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-03-25 | Common Stock | M | 3973 | $0.00 | Acquired | 8896 | Direct |
| 2020-03-25 | Common Stock | F | 1272 | $6.04 | Disposed | 7624 | Direct |
| 2020-03-26 | Common Stock | M | 1583 | $0.00 | Acquired | 9207 | Direct |
| 2020-03-26 | Common Stock | F | 507 | $6.71 | Disposed | 8700 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-03-25 | Restricted Stock Units | $0.00 | M | 3973 | Disposed | Common Stock (3973) | Direct | |
| 2020-03-26 | Restricted Stock Units | $0.00 | M | 1583 | Disposed | Common Stock (1583) | 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 March 25, 2020.
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 March 26, 2020.
F4: 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%).
F5: 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%).
F6: Of the total number of RSUs, 1,682 RSUs will vest on May 1, 2020; 3,169 RSUs will vest on March 26, 2021; 3,973 will vest on March 25, 2021; 7,947 will vest on March 25, 2022; and 26,997 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.