LANDS' END, INC. — Director's Dealing 2021

Mar 23, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDS' END, INC. (LE)
CIK: 0000799288
Period of Report: 2021-03-19

Reporting Person: Rasmusen Sarah W. (EVP, CHIEF CUSTOMER OFFICER)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-19	Common Stock	M	5737	$0.00	Acquired	11122	Direct
2021-03-19	Common Stock	F	1902	$29.95	Disposed	9220	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-19	Restricted Stock Units	$0.00	M	5737	Disposed		Common Stock (5737)	Direct
2021-03-19	Restricted Stock Units	$0.00	A	7804	Acquired		Common Stock (7804)	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: Represents shares surrendered to the issuer for payment of the reporting person's tax withholding obligation incurred in connection with the vesting of RSUs on March 19, 2021.

F3: This RSU award was granted on March 19, 2020, with vesting in three installments on March 19, 2021 (25%), March 19, 2022 (25%) and March 19, 2023 (50%).

F4: These are time-based RSUs that will vest, subject to satisfaction of vesting conditions including a continuous business relationship, in three annual installments on March 19, 2022 (25%), March 19, 2023 (25%) and March 19, 2024 (50%).

F5: Of the total number of RSUs, 2,654 RSUs will vest on March 26, 2021; 2,085 RSUs will vest on March 25, 2021 and 4,173 RSUs will vest on March 25, 2022; 5,737 RSUs will vest on March 19, 2022, and 11,474 RSUs will vest on March 19, 2023; 1,951 RSUs will vest on March 19, 2022, 1,951 RSUs will vest on March 19, 2023, and 3,902 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.