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LANDS' END, INC. — Director's Dealing 2021
Mar 29, 2021
32951_dirs_2021-03-29_11cb88b1-018d-4f5d-876c-f58b6b18ce9e.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: Griffith Jerome (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-25 | Common Stock | M | 18356 | $0.00 | Acquired | 64882 | Direct |
| 2021-03-25 | Common Stock | F | 8628 | $25.47 | Disposed | 56254 | Direct |
| 2021-03-25 | Common Stock | A | 52964 | $0.00 | Acquired | 109218 | Direct |
| 2021-03-25 | Common Stock | F | 24894 | $25.47 | Disposed | 84324 | Direct |
| 2021-03-26 | Common Stock | M | 23858 | $0.00 | Acquired | 108182 | Direct |
| 2021-03-26 | Common Stock | F | 11214 | $25.24 | Disposed | 96968 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-25 | Restricted Stock Units | $0.00 | M | 18356 | Disposed | Common Stock (18356) | Direct | |
| 2021-03-26 | Restricted Stock Units | $0.00 | M | 23858 | Disposed | Common Stock (23858) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 261504 | Indirect |
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, 36,714 RSUs vest will on March 25, 2022; 31,182 RSUs will vest on March 19, 2022, and 62,366 RSUs will vest on March 19, 2023; 10,517 RSUs will vest on March 19, 2022, 10,518 RSUs will vest on March 19, 2023, and 21,035 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.