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LANDS' END, INC. — Director's Dealing 2021
Mar 29, 2021
32951_dirs_2021-03-29_f775f48d-1e44-4f33-9dc3-7f5b1d0affbb.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: GRAY PETER L (EVP, CAO and General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-25 | Common Stock | M | 4394 | $0.00 | Acquired | 44155 | Direct |
| 2021-03-25 | Common Stock | F | 1290 | $25.47 | Disposed | 42865 | Direct |
| 2021-03-25 | Common Stock | A | 12670 | $0.00 | Acquired | 55535 | Direct |
| 2021-03-25 | Common Stock | F | 3719 | $25.47 | Disposed | 51816 | Direct |
| 2021-03-26 | Common Stock | M | 5709 | $0.00 | Acquired | 57525 | Direct |
| 2021-03-26 | Common Stock | F | 1676 | $25.24 | Disposed | 55849 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-25 | Restricted Stock Units | $0.00 | M | 4394 | Disposed | Common Stock (4394) | Direct | |
| 2021-03-26 | Restricted Stock Units | $0.00 | M | 5709 | Disposed | Common Stock (5709) | 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, 5,684 RSUs will vest on May 8, 2021; 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.