SEC Form 4 · accession 0000813298-17-000029
DESTINATION XL GROUP, INC. · DXLG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Walter E Sprague
Officer — SVP, Human Resources
Period of report
Mar 17, 2017
Accepted (ET)
Mar 21, 2017 · 1:31 pm EDT
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 | Mar 17, 2017 | D | 34,722 | $0.00 | D | 74,213 | D | |
| Common Stock, $0.01 par valueF2 | Mar 20, 2017 | A | 18,447 | $0.00 | A | 92,660 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the forfeiture of performance-based restricted stock granted to the reporting person on May 28, 2013 that was eligible to vest based on certain financial performance objectives. Upon grant, the target vesting amount was reported in Table I of Form 4. On March 17, 2017, the Company determined that, based on the Company's performance over the applicable performance period, the securities are forfeited.
- F2Represents a grant of restricted stock made pursuant to the Destination XL Group, Inc. Wrap-Around Plan. This grant vests on July 28, 2017.