SEC Form 4 · accession 0000799288-17-000027
LANDS' END, INC. · LE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jerome Griffith
Officer — President and CEO · Director
Period of report
Mar 6, 2017
Accepted (ET)
Mar 7, 2017 · 6:10 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 Stock | holding | — | — | — | 19,785 | 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 | $0.00 | Mar 6, 2017 | A | 117,647 | A | — | — | Common Stock | 117,647 | 117,647 | D |
| Employee Stock Option (right to buy)F2 | $18.10 | Mar 6, 2017 | A | 294,118 | A | — | Mar 6, 2027 | Common Stock | 294,118 | 294,118 | D |
Explanation of responses
- F1These are time-based restricted stock units (RSUs) that will vest in four equal installments beginning on March 6, 2018, subject to certain vesting conditions and acceleration events. Each RSU represents a contingent right to receive one share of common stock upon satisfaction of the vesting considerations.
- F2The option vests in four equal annual installments beginning on March 6, 2018, subject to vesting conditions and acceleration events.