LANDS' END, INC. — Director's Dealing 2022

Mar 28, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDS' END, INC. (LE)
CIK: 0000799288
Period of Report: 2022-03-24

Reporting Person: Griffith Jerome (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-24	Common Stock	A	86642	$0.00	Acquired	114996	Direct
2022-03-24	Common Stock	F	39586	$18.34	Disposed	75410	Direct
2022-03-25	Common Stock	M	36714	$0.00	Acquired	112124	Direct
2022-03-25	Common Stock	F	17256	$17.37	Disposed	94868	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-25	Restricted Stock Units	$0.00	M	36714	Disposed		Common Stock (36714)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	307158	Indirect

Footnotes

F1: Shares issued upon determination that performance criteria, related to performance-based RSUs awarded on March 25, 2019, had been met.

F2: Shares withheld by the issuer to satisfy reporting person's tax withholding obligation incurred in connection with the vesting of RSUs.

F3: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon satisfaction of the vesting conditions.

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: Of the total number of RSUs, 62,366 RSUs will vest on March 19, 2023; 10,518 RSUs will vest on March 19, 2023, and 21,035 RSUs will vest on March 19, 2024; 15,254 RSUs will vest on March 18, 2023, 15,254 RSUs will vest on March 18, 2024, and 30,508 RSUs will vest on March 18, 2025; subject in each case to the satisfaction of vesting conditions, including as applicable, continued employment or a continuous business relationship.