SEC Form 4 · accession 0000813298-17-000016
DESTINATION XL GROUP, INC. · DXLG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John E Kyees
Director
Period of report
Feb 28, 2017
Accepted (ET)
Mar 2, 2017 · 3:45 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 value | Feb 28, 2017 | M | 132 | $0.00 | A | 4,295 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred StockF1 | $0.00 | Feb 28, 2017 | M | 132 | D | Feb 28, 2017 | Feb 28, 2017 | Common Stock | 132 | 0 | D |
| Deferred StockF2,F3,F4 | $3.00 | Feb 28, 2017 | A | 750 | A | — | — | Common Stock | 750 | 750 | D |
Explanation of responses
- F1Each share of deferred stock converted into one share of common stock on February 28, 2017, when the deferred stock vested. Upon vesting, the corresponding shares of common stock were distributed under the terms of the Second Amended and Restated Non-Employee Director Compensation Plan (as amended).
- F2Deferred stock issued pursuant to the Director's elected form of compensation for participation in meetings of the Board of Directors and/or its committees.
- F3Each share of deferred stock is the economic equivalent of one share of common stock. The shares of deferred stock become payable in common stock, at the separation from service deferral period as elected by the Reporting Person under the terms of the Second Amended and Restated Non-Employee Director Compensation Plan (as amended).
- F4There is no set expiration date. Deferred Stock termination events are set forth in the Second Amended and Restated Non-Employee Director Compensation Plan (as amended).