SEC Form 4 · accession 0000799288-18-000066
LANDS' END, INC. · LE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gill Brown Hong
Officer — EVP, CMO & Head of Intl.
Period of report
Dec 7, 2018
Accepted (ET)
Dec 10, 2018 · 4:38 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 | Dec 7, 2018 | M | 1,644 | $0.00 | A | 5,069 | D | |
| Common StockF2 | Dec 7, 2018 | F | 527 | $15.08 | D | 4,542 | 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,F3 | $0.00 | Dec 7, 2018 | M | 1,644 | D | — | — | Common Stock | 1,644 | 15,207 | 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 December 7, 2018.
- F3This RSU award was granted on December 7, 2017, with vesting in three annual installments on December 7, 2018 (25%), December 7, 2019 (25%) and December 7, 2020 (50%).
- F4Of the total number of RSUs, 10,273 RSUs will vest in three annual installments on March 26, 2019 (25%), March 26, 2020 (25%) and March 26, 2021 (50%); 1,644 RSUs will vest on December 7, 2019; and 3,290 RSUs will vest on December 7, 2020; subject in each case to the satisfaction of vesting conditions, including continued employment.