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LANDS' END, INC. — Director's Dealing 2021
Mar 23, 2021
32951_dirs_2021-03-23_c638493b-1cee-45a0-a854-f9811f10c061.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: 2021-03-19
Reporting Person: Griffith Jerome (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-19 | Common Stock | M | 31182 | $0.00 | Acquired | 60593 | Direct |
| 2021-03-19 | Common Stock | F | 14067 | $29.95 | Disposed | 46526 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-19 | Restricted Stock Units | $0.00 | M | 31182 | Disposed | Common Stock (31182) | Direct | |
| 2021-03-19 | Restricted Stock Units | $0.00 | A | 42070 | Acquired | Common Stock (42070) | 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: 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, 23,858 RSUs will vest on March 26, 2021; 18,356 RSUs will vest on March 25, 2021, and 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.