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LANDS' END, INC. — Director's Dealing 2021
May 11, 2021
32951_dirs_2021-05-11_847d014b-1c65-4c30-b992-2ce7e5eb478c.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: 2021-05-08
Reporting Person: GRAY PETER L (EVP, CAO and General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-05-08 | Common Stock | M | 5684 | $0.00 | Acquired | 61533 | Direct |
| 2021-05-08 | Common Stock | F | 2521 | $24.27 | Disposed | 59012 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-05-08 | Restricted Stock Units | $0.00 | M | 5684 | Disposed | Common Stock (5684) | 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: Shares withheld by the issuer to satisfy reporting person's tax withholding obligation incurred in connection with the vesting of RSUs.
F3: This RSU award was granted on May 8, 2017, with vesting in four installments on May 8, 2018 (25%), May 8, 2019 (25%), May 8, 2020 (25%) and May 8, 2021 (25%).
F4: Of the total number of RSUs, 8,789 RSUs will vest on March 25, 2022; 7,694 RSUs will vest on March 19, 2022, and 15,389 RSUs will vest on March 19, 2023; 2,616 RSUs will vest on March 19, 2022, 2,617 RSUs will vest on March 19, 2023, and 5,234 RSUs will vest on March 19, 2024; subject in each case to the satisfaction of vesting conditions, including as applicable, continued employment or a continuous business relationship.