SEC Form 4 · accession 0000799288-18-000033
LANDS' END, INC. · LE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bernard Louis McCRACKEN III
Officer — VP, Controller and CAO
Period of report
May 1, 2018
Accepted (ET)
May 3, 2018 · 5:04 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 1, 2018 | M | 1,090 | $0.00 | A | 3,985 | D | |
| Common StockF2 | May 1, 2018 | F | 341 | $19.40 | D | 3,644 | D | |
| Common StockF1 | May 1, 2018 | M | 712 | $0.00 | A | 4,356 | D | |
| Common StockF2 | May 1, 2018 | F | 228 | $19.40 | D | 4,128 | D | |
| Common StockF1 | May 2, 2018 | M | 701 | $0.00 | A | 4,829 | D | |
| Common StockF3 | May 2, 2018 | F | 225 | $19.75 | D | 4,604 | 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,F4 | $0.00 | May 1, 2018 | M | 1,090 | D | — | — | Common Stock | 1,090 | 8,192 | D |
| Restricted Stock UnitsF1,F5 | $0.00 | May 1, 2018 | M | 712 | D | — | — | Common Stock | 712 | 7,480 | D |
| Restricted Stock UnitsF7,F1,F6 | $0.00 | May 2, 2018 | M | 701 | D | — | — | Common Stock | 701 | 6,779 | 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 1, 2018.
- F3Represents 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, 2018.
- F4This RSU award was granted on May 1, 2015, with vesting in one installment on May 1, 2018 (100%).
- F5This RSU award was granted on May 1, 2017, with vesting in three annual installments on May 1, 2018 (25%), May 1, 2019 (25%) and May 1, 2020 (50%).
- F6This 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%).
- F7Of the total number of RSUs, 3,242 RSUs will vest in three annual installments on March 26, 2019 (25%), March 26, 2020 (25%) and March 26, 2021 (50%); 712 RSUs will vest on May 1, 2019; 1,423 RSUs will vest on May 1, 2020; 1,402 RSUs will vest on May 2, 2019; subject in each case to the satisfaction of vesting conditions, including continued employment.