SEC Form 4 · accession 0000799288-18-000034
LANDS' END, INC. · LE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James F Gooch
Officer — EVP, COO, CFO and Treasurer
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 | 6,579 | $0.00 | A | 13,068 | D | |
| Common StockF2 | May 1, 2018 | F | 1,882 | $19.40 | D | 11,186 | D | |
| Common StockF1 | May 1, 2018 | M | 3,235 | $0.00 | A | 14,421 | D | |
| Common StockF2 | May 1, 2018 | F | 926 | $19.40 | D | 13,495 | D | |
| Common StockF1 | May 2, 2018 | M | 3,186 | $0.00 | A | 16,681 | D | |
| Common StockF3 | May 2, 2018 | F | 912 | $19.75 | D | 15,769 | 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 | 6,579 | D | — | — | Common Stock | 6,579 | 53,300 | D |
| Restricted Stock UnitsF1,F5 | $0.00 | May 1, 2018 | M | 3,235 | D | — | — | Common Stock | 3,235 | 50,065 | D |
| Restricted Stock UnitsF7,F1,F6 | $0.00 | May 2, 2018 | M | 3,186 | D | — | — | Common Stock | 3,186 | 46,879 | 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 February 1, 2017, 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, 14,611 RSUs will vest in three annual installments on March 26, 2019 (25%), March 26, 2020 (25%) and March 26, 2021 (50%); 3,235 RSUs will vest on May 1, 2019; 6,470 RSUs will vest on May 1, 2020; 4,225 RSUs will vest on December 19, 2018; 3,988 RSUs will vest on January 27, 2019; 7,977 RSUs will vest on January 27, 2020; and 6,373 RSUs will vest on May 2, 2019; subject in each case to the satisfaction of vesting conditions, including continued employment.