SEC Form 4 · accession 0000799288-16-000148
LANDS' END, INC. · LE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dorian R. Williams
Officer — SVP/ Gen. Counsel/ Corp. Sec.
Period of report
May 20, 2016
Accepted (ET)
May 24, 2016 · 5:04 pm EDT
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,F2 | May 20, 2016 | M | 1,542 | — | A | 1,882 | D | |
| Common StockF3,F2 | May 20, 2016 | M | 2,280 | — | A | 4,162 | D | |
| Common StockF4 | May 20, 2016 | F | 689 | $18.11 | D | 3,473 | 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 UnitsF2,F5 | $0.00 | May 20, 2016 | M | 1,542 | D | — | — | Common Stock | 1,542 | 16,699 | D |
| Restricted Stock UnitsF2,F5 | $0.00 | May 20, 2016 | M | 2,280 | D | — | — | Common Stock | 2,280 | 14,419 | D |
Explanation of responses
- F1Represents shares of common stock issued under restricted stock units ("RSUs") that vested on May 20, 2015 ("Initial Vesting Date") and upon the approval of the Lands' End, Inc. Stock Plan, as amended, by the company's stockholders on June 5, 2015. RSUs that vested on the Initial Vesting Date will be settled within 30 days after May 20, 2016.
- F2RSUs convert into common stock on a one-for-one basis upon satisfaction of the vesting considerations.
- F3Represents shares of common stock issued under RSUs that vested on May 20, 2016.
- F4Represents shares surrendered to the issuer for payment of the reporting person's tax withholding obligation incurred in connection with the vesting of RSUs on May 20, 2016.
- F5On August 11, 2014, the reporting person was granted 9,118 RSUs, vesting in three installments on May 20, 2015 (25%), May 20, 2016 (25%), and May 20, 2017 (50%).