SEC Form 4 · accession 0000813298-15-000046
DESTINATION XL GROUP, INC. · DXLG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nancy S Youssef
Officer — SVP,International Business Dev
Period of report
Nov 2, 2015
Accepted (ET)
Nov 3, 2015 · 5:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000813298
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 par valueF1 | Nov 2, 2015 | A | 15,192 | $0.00 | A | 15,192 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (Right to Buy)F2 | $5.84 | Nov 2, 2015 | A | 25,000 | A | Nov 2, 2017 | Nov 2, 2025 | Common Stock | 25,000 | 25,000 | D |
| Non-Qualified Stock Option (Right to Buy)F3 | $5.84 | Nov 2, 2015 | A | 19,121 | A | Nov 2, 2016 | Nov 2, 2025 | Common Stock | 19,121 | 19,121 | D |
Explanation of responses
- F1Represents a grant of restricted stock of which 50% of the shares vest over time and 50% of the shares vest upon achievement of certain performance criteria. The shares subject to time-based vesting vest 50% on November 2, 2016 and 50% on January 28, 2017.
- F2The Option vests in three equal installments on November 2, 2017, November 2, 2018 and November 2, 2019.
- F3The Option vests 50% on November 2, 2016 and 50% on January 28, 2017.