SEC Form 4 · accession 0000799288-18-000015
LANDS' END, INC. · LE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kelly Ritchie
Officer — SVP, Employee & Cust Services
Period of report
Mar 26, 2018
Accepted (ET)
Mar 28, 2018 · 4:37 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 UnitsF2,F1 | $0.00 | Mar 26, 2018 | A | 8,995 | A | — | — | Common Stock | 8,995 | 25,884 | D |
Explanation of responses
- F1These are time-based restricted stock units ("RSUs") that will vest, assuming continued employment, in three installments on March 26, 2019 (25%), March 26, 2020 (25%) and March 26, 2021 (50%). Each RSU represents a contingent right to receive one share of common stock upon satisfaction of the vesting considerations.
- F2Of the total number of RSUs, 8,995 RSUs are as described in footnote 1; 7,950 RSUs will vest in three annual installments on May 1, 2018 (25%), May 1, 2019 (25%) and May 1, 2020 (50%); 1,958 RSUs will vest on May 2, 2018, and 3,914 RSUs will vest on May 2, 2019; and 3,067 RSUs will vest on May 1, 2018; subject in each case to the satisfaction of vesting conditions, including continued employment.