SEC Form 4 · accession 0000799288-16-000113
LANDS' END, INC. · LE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Federica Marchionni
Officer — President and CEO · Director
Period of report
Feb 17, 2016
Accepted (ET)
Feb 18, 2016 · 6:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000799288
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 17, 2016 | M | 19,188 | $0.00 | A | 29,188 | D | |
| Common Stock | Feb 17, 2016 | F | 6,896 | $23.34 | D | 22,292 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | $0.00 | Feb 17, 2016 | M | 19,188 | D | — | — | Common Stock | 19,188 | 69,506 | D |
Explanation of responses
- F1Restricted stock units ("RSUs") convert into common stock on a one-for-one basis upon satisfaction of the vesting considerations.
- F2On February 17, 2015, the reporting person was granted 76,751 RSUs, vesting in three installments on February 17, 2016 (25%), February 17, 2017 (25%) and February 17, 2018 (50%).