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LANDS' END, INC. — Director's Dealing 2021
Mar 29, 2021
32951_dirs_2021-03-29_ae6a39a7-04d7-4a29-a8b3-aa333ed6355a.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: 2021-03-25
Reporting Person: TSAI CHIEH (EVP, Chief Product Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-25 | Common Stock | M | 3973 | $0.00 | Acquired | 18862 | Direct |
| 2021-03-25 | Common Stock | F | 983 | $25.47 | Disposed | 17879 | Direct |
| 2021-03-25 | Common Stock | A | 7031 | $0.00 | Acquired | 24910 | Direct |
| 2021-03-25 | Common Stock | F | 1739 | $25.47 | Disposed | 23171 | Direct |
| 2021-03-26 | Common Stock | M | 3169 | $0.00 | Acquired | 26340 | Direct |
| 2021-03-26 | Common Stock | F | 784 | $25.24 | Disposed | 25556 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-25 | Restricted Stock Units | $0.00 | M | 3973 | Disposed | Common Stock (3973) | Direct | |
| 2021-03-26 | Restricted Stock Units | $0.00 | M | 3169 | Disposed | Common Stock (3169) | 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: Shares issued upon determination that performance criteria, related to performance-based RSUs awarded on March 26, 2018, had been met.
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, 7,947 RSUs will vest on March 25, 2022; 6,749 RSUs will vest on March 19, 2022, and 13,499 RSUs will vest on March 19, 2023; 2,295 RSUs will vest on March 19, 2022, 2,295 RSUs will vest on March 19, 2023, and 4,591 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.