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LANDS' END, INC. — Director's Dealing 2020
Mar 27, 2020
32951_dirs_2020-03-27_a84ca907-652d-48f3-8a57-41ba0f393e6a.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: 2020-03-25
Reporting Person: GOOCH JAMES F (EVP, COO, CFO and Treasurer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-03-25 | Common Stock | M | 5363 | $0.00 | Acquired | 45496 | Direct |
| 2020-03-25 | Common Stock | F | 2187 | $6.04 | Disposed | 43309 | Direct |
| 2020-03-26 | Common Stock | M | 3652 | $0.00 | Acquired | 46961 | Direct |
| 2020-03-26 | Common Stock | F | 1593 | $6.71 | Disposed | 45368 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-03-25 | Restricted Stock Units | $0.00 | M | 5363 | Disposed | Common Stock (5363) | Direct | |
| 2020-03-26 | Restricted Stock Units | $0.00 | M | 3652 | Disposed | Common Stock (3652) | 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 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, 7,307 will vest on March 26, 2021; 6,470 RSUs will vest on May 1, 2020; 5,363 RSUs will vest on March 25, 2021; 10,729 RSUs will vest on March 25, 2022; and 37,526 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.