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LANDS' END, INC. — Director's Dealing 2022
Mar 22, 2022
32951_dirs_2022-03-22_5454641e-1ced-4526-9b6e-72828e0c562a.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: GOOCH JAMES F (President and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-03-19 | Common Stock | M | 9381 | $0.00 | Acquired | 86456 | Direct |
| 2022-03-19 | Common Stock | F | 2467 | $20.65 | Disposed | 83989 | Direct |
| 2022-03-19 | Common Stock | M | 3915 | $0.00 | Acquired | 87904 | Direct |
| 2022-03-19 | Common Stock | F | 1037 | $20.65 | Disposed | 86867 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-03-18 | Restricted Stock Units | $0.00 | A | 21186 | Acquired | Common Stock (21186) | Direct | |
| 2022-03-19 | Restricted Stock Units | $0.00 | M | 9381 | Disposed | Common Stock (9381) | Direct | |
| 2022-03-19 | Restricted Stock Units | $0.00 | M | 3915 | Disposed | Common Stock (3915) | 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, 10,729 RSUs will vest on March 25, 2022; 18,764 RSUs will vest on March 19, 2023; 3,916 RSUs will vest on March 19, 2023, and 7,832 RSUs will vest on March 19, 2024; 5,296 RSUs will vest on March 18, 2023, 5,297 RSUs will vest on March 18, 2024, and 10,593 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.