SEC Form 4 · accession 0000799288-17-000058
LANDS' END, INC. · LE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph M. Boitano
Officer — EVP, Chief Merch. & Design
Period of report
May 1, 2017
Accepted (ET)
May 3, 2017 · 5:05 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 | May 2, 2017 | M | 2,192 | $0.00 | A | 2,192 | D | |
| Common StockF2 | May 2, 2017 | F | 866 | $24.05 | D | 1,326 | 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,F3 | $0.00 | May 1, 2017 | A | 8,903 | A | — | — | Common Stock | 8,903 | 30,673 | D |
| Restricted Stock UnitsF1,F4 | $0.00 | May 2, 2017 | M | 2,192 | D | — | — | Common Stock | 2,192 | 28,481 | D |
Explanation of responses
- F1Each Restricted Stock Unit ("RSU") represented a contingent right to receive one share of common stock upon satisfaction of the vesting conditions.
- F2Represents 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 2, 2017.
- F3These are time-based restricted stock units ("RSUs") that will vest, assuming continued employment, in three annual installments on May 1, 2018 (25%), May 1, 2019 (25%) and May 1, 2020 (50%).
- F4This RSU award was granted on May 2, 2016, with vesting in three annual installments on May 2, 2017 (25%), May 2, 2018 (25%) and May 2, 2019 (50%).