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LANDS' END, INC. — Director's Dealing 2021
Mar 29, 2021
32951_dirs_2021-03-29_42e1db49-b707-41f2-9667-a8a8d56bf438.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: McCRACKEN BERNARD LOUIS III (VP, Controller & Chf Acct Ofc)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-25 | Common Stock | M | 1164 | $0.00 | Acquired | 7289 | Direct |
| 2021-03-25 | Common Stock | F | 373 | $25.47 | Disposed | 6916 | Direct |
| 2021-03-25 | Common Stock | A | 3598 | $0.00 | Acquired | 10514 | Direct |
| 2021-03-25 | Common Stock | F | 1162 | $25.47 | Disposed | 9352 | Direct |
| 2021-03-26 | Common Stock | M | 1622 | $0.00 | Acquired | 10974 | Direct |
| 2021-03-26 | Common Stock | F | 520 | $25.24 | Disposed | 10454 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-25 | Restricted Stock Units | $0.00 | M | 1164 | Disposed | Common Stock (1164) | Direct | |
| 2021-03-26 | Restricted Stock Units | $0.00 | M | 1622 | Disposed | Common Stock (1622) | 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, 2,328 RSUs will vest on March 25, 2022; 2,024 RSUs will vest on March 19, 2022, and 4,051 RSUs will vest on March 19, 2023; 626 RSUs will vest on March 19, 2022, 626 RSUs will vest on March 19, 2023, and 1,252 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.