SEC Form 4 · accession 0000799288-17-000065
LANDS' END, INC. · LE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter L Gray
Officer — EVP & CAO
Period of report
May 8, 2017
Accepted (ET)
May 10, 2017 · 7:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000799288
Table I — non-derivative securities
No Table I lines on this filing.
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 | May 8, 2017 | A | 34,091 | A | — | — | Common Stock | 34,091 | 34,091 | D |
| Employee Stock Option (right to buy)F2 | $22.00 | May 8, 2017 | A | 49,017 | A | — | May 8, 2027 | Common Stock | 49,017 | 49,017 | D |
Explanation of responses
- F1Represents (1) 22,727 restricted stock units ("RSUs") that will vest in four equal annual installments beginning on May 8, 2018, and (2) 11,364 RSUs that will vest in three annual installments on May 1, 2018 (25%), May 1, 2019 (25%) and May 1, 2020 (50%), subject in each case to certain vesting conditions. 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 May 8, 2018, subject to certain vesting conditions.