SEC Form 4 · accession 0000799288-18-000002
LANDS' END, INC. · LE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James F Gooch
Officer — EVP, COO & CFO
Period of report
Jan 27, 2018
Accepted (ET)
Jan 30, 2018 · 5:23 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 | Jan 27, 2018 | M | 3,988 | $0.00 | A | 8,440 | D | |
| Common StockF2 | Jan 27, 2018 | F | 1,951 | $18.30 | D | 6,489 | 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 UnitsF4,F1,F3 | $0.00 | Jan 27, 2018 | M | 3,988 | D | — | — | Common Stock | 3,988 | 45,268 | 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 January 27, 2018.
- F3This RSU award was granted on January 27, 2016, with vesting in three installments on January 27, 2018 (25%), January 27, 2019 (25%) and January 27, 2020 (50%)
- F4Of the total number of RSUs, 12,940 vest in three annual installments on May 1, 2018 (25%), May 1, 2019 (25%) and May 1, 2020 (50%); 6,579 vest on May 1, 2018; 4,225 vest on December 19. 2018; 3,186 vest on May 2, 2018; 6,373 vest on May 2, 2019; 3,988 vest on January 27, 2019; and 7,977 vest on January 27, 2020 , subject in each case to the satisfaction of vesting conditions, including continued employment.