SEC Form 4 · accession 0000813298-17-000004
DESTINATION XL GROUP, INC. · DXLG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mary Luttrell
Officer — SVP of Marketing
Period of report
Jan 18, 2017
Accepted (ET)
Jan 26, 2017 · 5:47 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 | Jan 18, 2017 | A | 334 | $0.00 | A | 23,945 | 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 | $3.55 | Jan 18, 2017 | A | 241 | A | — | Jan 18, 2027 | Common Stock | 241 | 241 | D |
| Restricted Stock UnitsF3,F4 | — | Jan 18, 2017 | A | 8,855 | A | — | — | Common Stock | 8,855 | 8,855 | 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 on January 28, 2017.
- F2The option vests on January 28, 2017.
- F3Each restricted stock unit represents a contingent right to receive one share of DXLG common stock.
- F4The restricted stock units represent the time-based portion of the 2016-2017 Long-Term Incentive Plan award to the Reporting Person. The restricted stock units vest in two equal installments on April 1, 2018 and April 1, 2019.