SEC Form 4 · accession 0000813298-17-000089
DESTINATION XL GROUP, INC. · DXLG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
John E Kyees
Director
Period of report
Sep 29, 2017
Accepted (ET)
Oct 3, 2017 · 11:13 am 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 value | Sep 30, 2017 | M | 158 | $0.00 | A | 10,077 | 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,F2,F3 | $1.90 | Sep 29, 2017 | A | 194 | A | — | — | Common Stock | 194 | 194 | D |
| Deferred StockF4 | $0.00 | Sep 30, 2017 | M | 158 | D | Sep 30, 2017 | Sep 30, 2017 | Common Stock | 158 | 0 | D |
Explanation of responses
- F1Deferred stock issued pursuant to the Director's elected form of compensation for participation in meetings of the Board of Directors and/or its committees.
- F2Each 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 expiration of the 3-year deferral period as elected by the Reporting Person under the terms of the Second Amended and Restated Non-Employee Director Compensation Plan (as amended).
- F3There 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).
- F4Each share of deferred stock converted into one share of common stock on September 30, 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) and is reflected in Table 1.