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LANDS' END, INC. — Director's Dealing 2022
Mar 22, 2022
32951_dirs_2022-03-22_ef3a4e86-98e4-47db-a278-d0ea5927cefd.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: 2022-03-18
Reporting Person: McCRACKEN BERNARD LOUIS III (VP, Controller & Chf Acct Ofc)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-03-19 | Common Stock | M | 2024 | $0.00 | Acquired | 12478 | Direct |
| 2022-03-19 | Common Stock | F | 755 | $20.65 | Disposed | 11723 | Direct |
| 2022-03-19 | Common Stock | M | 626 | $0.00 | Acquired | 12349 | Direct |
| 2022-03-19 | Common Stock | F | 234 | $20.65 | Disposed | 12115 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-03-18 | Restricted Stock Units | $0.00 | A | 3728 | Acquired | Common Stock (3728) | Direct | |
| 2022-03-19 | Restricted Stock Units | $0.00 | M | 2024 | Disposed | Common Stock (2024) | Direct | |
| 2022-03-19 | Restricted Stock Units | $0.00 | M | 626 | Disposed | Common Stock (626) | 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: 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 18, 2023 (25%), March 18, 2024 (25%) and March 18, 2025 (50%).
F4: 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%).
F5: This RSU award was granted on March 19, 2021, with vesting in three installments on March 19, 2022 (25%), March 19, 2023 (25%) and March 19, 2024 (50%).
F6: Of the total number of RSUs, 2,328 RSUs will vest on March 25, 2022; 4,051 RSUs will vest on March 19, 2023; 626 RSUs will vest on March 19, 2023, and 1,252 RSUs will vest on March 19, 2024; 932 RSUs will vest on March 18, 2023, 932 RSUs will vest on March 18, 2024, and 1,864 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.